Posted on 09/29/2008 9:17:46 AM PDT by Maelstorm
Buffett is unproductive and that’s the best term to describe him apart from an additional one: HYPOCRITE.
Unproductive: Berkshire Hathaway—a conglomerate holding comapny - makes nothing but instad maneuvers and exploits.
Hypocrite:
http://article.nationalreview.com/?q=ZWQ4NzM3NDJmMWE5ZTJhMjZjZjY4OWFmYmIxMDc1ZjI=
Texas has two Senators, both Pubbies. Most of the time one votes yes, the other votes no! Why even bother?
Yes, I agree that the bailout will push the problems under ground to surface later. But add that they’ll surface like a volcano, magnified or multiplied beyond belief. And yet, Jack Kemp was just on Fox arguing that the bailout bill has to be passed, and passed now. He knows this stuff better than I do. What am I missing?
I’ll never understand why a republican would be afraid to vote against this. Must be a lot we don’t know.
___________________________________________
Maybe because no credible alternative bill has been proposed. No wonder since Paulson sprung this on Congress and says “act now.”
My gawd!!! He is unbearable, isn't he? I look at that mouth and wonder about its immoral if not sadistic history--and then I can't look another second!
Regards . . . Penny
Is your house worth ZERO??? If you cannot sell your house then it is worth ZERO. Do you want your house valued at mark to market???? It will be ZERO or a little better.
No one’s house is worth ZERO. Do not take the bail on this.
If the government buys these MBAs (mortgage backed securities) and there is no way to accurately set the price (an actual price - what can one rebuild it for in today’s dollars), then the MBA that is purchased is WORTHLESS!!!!
Please, do the research on mark to market. I am so relieved to hear some many congressmen on the floor push for mark to market to be replaced.
No money for ACORN is good, if it’s airtight.
I think the insurance option is packaged to be unattractive.
It’s good that there’s a sunset, but what I’ve been able to see doesn’t assure me that there’s a firm cap at $700B.
If congress and the media stay as they are, most people will never hear that folks like John McC tried for reform of Fannie and Freddie.
Investment is to be immediate, any mandatory recovery years in the future. The whole thing smells bad and, worse, it sticks to your shoes.
Agreed. We can start by indicting Franklin Raines for fraud, conspiracy, and racketeering.
If Jack Kemp is for it, it’s gotta be worse than I thought.
Again, why be afraid to vote against it when your constituents are against it 100 to 1?
what stinks most of all is that the democrats are in this to
‘help out those poor folks who got trapped into getting a loan they could not afford’
like its the LENDERS that are at fault.
the fault here is twofold:
1. democrats and their ‘easy credit’ policy
2. borrowers who are stupid and get loans they cannot pay back
” Have you tried to sell your house lately? It will go at mark to market at best. Find out for yourself what your house is worth, and base it on what your neighbors are selling their houses for. Also, determine what it would take to replace your house building it from scratch. Do not take the bait on drop of 10% drop before you know for a fact what houses are really selling for, you will be shocked.”
Well stated. Sold ours last year after 15 months on the market. Fortunate that we owned it for 18 years so were able to make some money, but not at what the alledged market was ?
My wifes Mom’s house in Phila is now on the market for 2 years with very little action. It’s not pretty out there.
Even if these assets are purchased you still need buyers in the end so this thing will not get solved until well into the next presidents term.
I think that’s why both candidates are very cautious about what they are saying, and how much credit they are seeking from this.
They know this is skunk with a lot of perfume sprayed on it........
It's like a credit card limit. Once some of these "assets" have been disposed of, Paulson can go buy more - just not more than 700B at a time. If he can find buyers for the toxic waste (no sure thing), the ultimate purchase limit could run well into the trillions.
another thing that stinks is the GOP’s that are selling out and voting for this socialist crap.
they are about to vote.
Pray this idiocy dies in flames.
Houses fall to zero and I will be Buying.
I suspect someone else will beat me to it though. I don’t look at homes with an Eye on flipping them, so there is no horror to me in the thought of cheap housing.
And none for many others. dropping to the actual market value is not a correction that can be staved off, no matter how many peoples pockets you pilfer to find money to try with..
MrEdd, your words and pictures are persuasive. for-q, your words are... interesting, if not likely to come to pass. But I’m writing to thank both of you for GREAT tag lines!
Unfortunately it’s an election year and the lobbyists have been busy. It will pass with plenty of Republican votes and support.
I hope the American people take a look at ever person who voted for this, D or R, and votes them out.
This is a huge mistake and it might kill this country.
I KNOW it’s going to severely damage the nation.
this is suicide.
it is plain suicide and these idiots are doing it.
[cue scene from Planet of the apes, on the beach....when CH sees the SOL half buried in sand]
” [cue scene from Planet of the apes, on the beach....when CH sees the SOL half buried in sand]”
Good mental image that we all should keep in mind if Barry Gets In.
This would be my final ad if that happens...........
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