Posted on 09/30/2008 5:24:31 PM PDT by kellynla
I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts of debt on its book by assuming loans in anticipation that their holders or borrowers will default.
(Excerpt) Read more at corner.nationalreview.com ...
I understood what you were saying about Jenkins but that was quick that you put it together...
Seems to me that market oversaturated when interest rates were dirt cheap...values inflated falsely...(a function of a payment vs actual value)...but people got in bigger homes...homes they will stay in...as their home values drop they won’t be able to afford to sell (upsidedown in value to payment)...so I don’t see market-changing demand from existing homeowners and, again, those who lost homes won’t, rightfully, get credit so they will have to rent. Maybe the rental game is the short term market opportunity...??
Paulson wants an open checkbook to tap a line of credit; still doesn’t solve demand which will help increase property values
The Senate had caved minutes before McCain walked in last week. I see no reason to believe they won’t repeat the ankle-grabbing.
I hope the phone/fax/email lines burn up in the Senate, but I don’t know if it’ll make a difference. Only 1/3 of that particular chamber is up for re-election...
“President Obama and Speaker Pelosi will make sure that those greedy Wall St. guys don’t ever take advantage of the poor folks again.”
Hmmm...
It seems to me that Obama and Pelosi are already doing their damndest to make sure those in power can “take advantage of the poor (and average) folks again.” And again. And again. And again.
Lord God, we beseech you that you bring us again such a leader for our nation.
Amen
“We are a nation that has a government—not the other way around.”
Now that one sent shivers down my spine. Thanks.
“How does the bailout increase the demand for real estate market?”
It doesn’t. The bailout props large Brokers.
“Why will my neighbor start getting lots of interested buyers because of the bailout?”
It will get lots of interest when it is realistically priced. Previous cost has nothing to do with current selling price.
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