Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: JasonC
Perhaps they are not idiotic but trying to cover for their associates. In the time likes this, you need the perfect plan, which won't be forthcoming, realistically speaking. Any bill like this would be biased toward saving some over the rest. The better connected over those who aren't.

Still I am wondering if there was a perfect plan to turn things around in the first place.

101 posted on 10/06/2008 7:38:59 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
[ Post Reply | Private Reply | To 89 | View Replies ]


To: TigerLikesRooster; JasonC
Still I am wondering if there was a perfect plan to turn things around in the first place.

Yes!

Insure that the loans would be paid and let the market work. Also, let the banks holding the mortgage backed securities value them based on cash flow and not mark to market.

They didn't do that and have made a tough recession that's just getting started a lot tougher.

152 posted on 10/06/2008 8:22:36 AM PDT by wmfights (Believe - THE GOSPEL - and be saved)
[ Post Reply | Private Reply | To 101 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson