Posted on 09/26/2008 2:38:35 PM PDT by MeanWestTexan
While I wanted Cantor as VP, this idea may just completely save our collective asses.
The BIG problem is Larry, WE won’t be paid back, ACORN and other left wing fronts get the profits.
Read the article.
Read slower, all the way to the end.
What does that bovine scat mean?
Great send me the stock! and the dividends from payments!!
Wall Street is holding worthless paper and wants the taxpayer to hold that worthless paper, and be glad to be such a winner.
I’m not sure I get the part where I’m supposed to say “thank you, sir, may I have some more.”
Exactly.
bump ... looks like a set of good ideas here.
I really worry that Cantor is unintentionally turning this bailout into a socialist plan. Buying assets is just that the US government buys the paper assets. It is not the government socialization of a market, but rather the government stepping in an buy in a market.
Now it seems Cantor want to turn this into a government insurance plan like FDIC. The government buy assets is a one time thing. A government back insurance of financial paper is an on going government program. We will have socialized some of the risk in the financial markets.
And this is a bigger insult then your feeble attempt
to cover for these looters.
‘I think it’s a good package that would be great news for stock and bond markets that are now ailing badly.’
Larry, no matter how you call it it’s still socialism. Go cheerlead somewhere else and stop with the Orwellian doublespeak.
Hog manure!!! If these bankpapers, etc. were as likely to be paid back (w/ a profit-Ha ha), why in Hades are the holders in trouble?
A better idea.......give anyone, any business, company etc., a big cut in their taxes (capital gains tax, corp. tax, income tax, etc.) for taking on this “bad paper”. Then the gov’t and those the politicians won’t have their sticky socialist/communist fingers in the pie.
JMHO
A Cantor ping to show that our faith was well-founded.
If that were true we’d have a deal right now.
The only way I can read this bill is that Government wants to be in business on my dime and get the profits, I presume for some later brilliant use.
“What does that bovine scat mean?”
Uh, the principal and interest payments from the homeowners go to treasury.
99% of the loans are “performing” -— that is, the people pay.
Nope, this is competition for me.
I’ve been buying loans on the cheap and get my pound of flesh if need be.
This would actually hurt me, as it would take loans off the market.
So what do I "own"?
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