Posted on 08/25/2007 12:09:28 AM PDT by 2ndDivisionVet
Edited on 08/25/2007 10:13:31 AM PDT by Admin Moderator. [history]
B U M P
Not just bad, but terrible...
Why should the federal government bail out people who cannot afford their homes? Who bails them out next year and the next and the...
Look, people who can afford mortgage payments will pay them. Those who can’t won’t be able today, next month, next year or ten years from now.
Face the music. Get on with your life. Don’t be so gullible next time. Chalk it up to life experience.
Bill Gross is self-identified “lib”-ertarian, who wants a bailout not for homeowners but for himself, as he is sitting on largest stockpile of US bonds - if interest rates are lowered by Fed, their value goes up and he stands to make a bundle in a very short period of time.
EXTREMELY bad Idea.
Dang. I don’t think I can highlight just one of those issues.
Nobody seems to be responsible for anything, anymore.
However, I’m responsible for my commas. ;o)
B.S. panic alert from a dubious source; U.S. “liberal”
News and Socialist Report.
Bad timing as the July report shows a 2.8% jump
in new home starts. The sub-prime sector is nominal.
Sorry, Mr. Zuckerman. The pro-Clinton Article is hogwash!
F#$% that.
The people that bought these homes with nothing down have little to lose. That have little invested. On the other hand we have stupid lenders that lent money where they shouldn’t have and created this mess to begin with. They should pay the consequences. After all they did it in the first place to make more money. Their greed got them where they are. Now comes reality. To erase the consequences for their greed only invites more of the same at others expense. A big fat NO!
thank you!
Also, raises a spectre of chain reaction. If one is scraping to make payments and pay the mortgage, and his neighbor is at risk of default and gets a check from the government - what’s one to do, but apply for the same treatment or feel like a fool.
This is just a lame-brain idea, and since Bill Gross is not at all dumb and understands this will not happen, it’s simply designed to raise the noise level and sense of panic to try and make Fed lower the Fed funds rate, so he can make money on his bonds.
Yes...some of us peons are watching. ;o)
Thank you!
Good grief! Is this assclown Gross serious?
He wants the GOP to be more socialist than the rats and pander to society's losers in order to buy their votes??
(rubbing eyes) This HAS to be a joke.
Fred Thomspon v Obama or Hilary puts California in play, but trying to buy it is as useless as trying to ‘reach out to the Latino vote’ through amnesty.
Meanwhile, wages and the cost of goods and services go up. This means that homeowners are now paying their mortgages with much cheaper dollars, which ain't so bad. Those sitting on money today are forced to invest in order to (hopefully) compensate for the ravages of inflation.
If I'm Bill Gates I don't care for it a bit. If I'm on a fixed income I feel vulnerable to the government's largess. If I'm Joe Sixpack I hate it - but only because I haven't thought it all the way through and hate watching prices go up. If I'm a business owner I just raise my prices (the very definition of inflation) - besides, it's great having all these rich investors looking good business opportunities.
Whether one should be concerned is simply a function of their circumstances.
???
Did you read the article?
Notice the ruse and the bait :
After all, "W," you're "the Decider," aren't you?"
Can skip the rest, anybody who does something like that doesn't have your best interests in mind.
Seriously is this being illustrated as Bush winning/bailing out all the young voters involved in construction/mortgage/speculation business?
More so this is an argument on what level of risk the Government (ie/you and me) will back/buy.
Mae and Mac were well done. They are not the argument to add Curly in this market.
My advice to Bush: Jawbone the Fed to lower rates to give the economy a period to adjust - give it a soft landing - there are a lot of "innocents" that would be hurt as well in a crash.
Nite. ;-)
I’m sorry however I voted for W twice
He (GW) needs to distance himself from the GOP and try to let us rebuild what he destroyed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.