Americans say no to bailouts, even if economy is harmed

[swtrader]

Quote from Raptor Deus:

because if not, ALL taxpayer's real estate will keep sinking in value without a catalyst to help create a bottom quickly.

not all taxpayers have real estate

it is not the taxpayer's role, to support prices above what the market can afford

this was a bubble - bubbles deflate to the point where the bubble began - that's what they ALWAYS do

and a healthy market in that sector cannot being until this happens

 

[Mecro]

Quote from Raptor Deus:

because if not, ALL taxpayer's real estate will keep sinking in value without a catalyst to help create a bottom quickly.

Yeah, so instead lets just take from the people, cause they have soooo much to give. That's sure to work wonders.

Let these financial firms who hold this crap crash & burn. It will only make the world a better place.

 

[poyayan]

Quote from swtrader:

this is such a blatent conflict of interest that puson should be relieved of his post

any judge would be asked to recuse himself for a matter far less signifigant

Paulson is part of the in crowd. That's why I said : don't ask the same group of people to fix a problem that they created.

They will take a cut of that 700B, spin all losses to taxpayaer and riding in with white horses saying they save the economy.

Inject credit thru other means. Bypass these guys.

 

[Landis82]

Quote from Mecro:

Goldman Sachs (of which Paulson holds A LOT of stock) and Morgan Stanley are sure to be key sellers of this subprime crap to the RTC.

Duh.
I never said that they wouldn't be.
But it is interesting that you conveniently left out Wamu, Wachovia, Citibank, and
a whole host of others . . .

 

[Landis82]

Quote from swtrader:

why are taxpayers obligated to subsidize housing prices at levels where people who work cant afford them?

all of a sudden, we lost faith in 'free markets'

I am amazed at the lack of depth of knowledge regarding this current issue and how naively SIMPLISTIC people have claimed this issue to be.

This isn't just about housing prices and subsidizing banks that were involved in the mortgage market . . . it's about banks having enough good collateral on their balance sheet to make loans for ANYTHING THAT HAS TO DO WITH THE ECONOMY!!!

If this was simply a "bail-out" and subsidy to the housing sector, why is it that the commercial paper market is currently FROZEN?

 

[indahook]

Quote from Landis82:

Yes, we need to start the DEPRESSION as soon as possible.
One month T-Bill rates went negative today.
Get a clue, people.

They have been back and forth from barely +/- for 2 weeks.

I called my guy for a quote on 2mm par last tuesday and he laughed and said "you dont want em... -.10"

 

[Steelhead]

the scrubs at pimco are simply amazing
how can they get away with talking their book the way they do?

 

[swtrader]

Quote from Landis82:

I am amazed at the lack of depth of knowledge regarding this current issue and how naively SIMPLISTIC people have claimed this issue to be.

This isn't just about housing prices and subsidizing banks that were involved in the mortgage market . . . it's about banks having enough good collateral on their balance sheet to make loans for ANYTHING THAT HAS TO DO WITH THE ECONOMY!!!

not all banks will go down

only those who deserve it

when have these globalist jerks EVER favored bailing out "those who cant adapt"?

you're on the side of fascism

 

[Scalper007]

So if all these people oppose this, they can't pass this right? Isn't this what democracy is? The people's majority voice count If not, what the f is deomocracy anyway??

 

[Mecro]

Quote from Landis82:

Duh.
I never said that they wouldn't be.
But it is interesting that you conveniently left out Wamu, Wachovia, Citibank, and
a whole host of others . . .

You do realize that there is not enough in the $700 billion to cover them all?

WaMu would be screwed regardless. Citi will get dibs. Wachovia can survive without it, won't get much off. Banc of America has some pull, depending on how deal with MER goes.

Goldman is first, I would think Morgan Stanley is second. There is a reason why Paulson put on such an urgent front & induced fear. Goldman was a goner, at least before the regulation change letting them be a monkey banking center. Who do you think was unloading Oil contracts at such rapid rate?