[nicola_tesla]

Ill-conceived ?

So you’re OK with taking tax dollars to pay out to GSE bondholders who bought the bonds knowing that on the prospectus it said “not backed by US Govt” and were paid a premium over Treasury rates as a consequence ? That our government is trying to artificially prop up housing prices with our tax dollars (actually borrowed) instead of letting them resort to the historical mean so they can be affordable ?

You like the creation of rigged markets ? You like paying higher taxes so banks won’t lose so much money on loans made from bad judgment ?

[Sam Gamgee]

Man alive, someone that gets it! You are right. Ever rising home prices is not in the best interest of the nation and are not indicative of the rising wealth of a nation. If I hear someone on Fox News repeat some Keynsian Demand Side nonsense about how we need consumers spending I'm going to go berserk.

It seems I hear more and more conservative voices claiming the alternative is worse. That is ALWAYS the lame argument for creating moral hazard.

[amchugh]

No I'm not ok with that. By "the baillout is ill-conceived", I mean it is a bad idea. I'm not sure how my statement could be interpreted otherwise. I believe if we don't have a marketplace that punishes people for an excess of high-risk behavior and poor financial controls we will have economic chaos.

The excessive hyperbole of "most corrupt legislative body in history" is ridiculous though, and undermines the author's credibility.