[nj_pilot]

I see, stopping a selling panic is exactly like welfare for the wealthy. LOL! weak. sorry.. i missed the larry kudlow crony capitalism meeting last week. Countrywide should be allowed to fail, as should any lender that made bad choices. What part of moral hazard don't you understand, and isn't that what got us here?

[Toddsterpatriot]

Countrywide should be allowed to fail, as should any lender that made bad choices.

I agree. Now when you finally figure out that they still own their bad loans, despite any short term loan they get from the Fed, you'll see that they might still fail.

What part of moral hazard don't you understand, and isn't that what got us here?

Since the Fed is not giving them money, what part of "a loan is different than a purchase" don't you understand?