Government Bailout on the Way?

[originalskunk]

Quote from empee:

total b.s. so basically if I wasn't a dumbass do I get paid anything?

You may end up paying the bill for being prudent:
"It has to be paid for and the question is would the 34 percent of homeowners who have no mortgage be willing to pay taxes to support the bailout of people who traditionally have not managed credit well?''

 

[stevegee58]

Quote from RedDuke:

To be fair, the only reason why I say that it sucks is because I am not the one on the top of this food chain.

Or hopefully on the bottom of the food chain either.

 

[Mvic]

http://www.elitetrader.com/vb/showthread.php?s=&postid=1395322#post1395322

The bail out is really for the hedge funds and IBs that are drowning in CDO's, the sub prime buck ultimately stops at their door.

 

[CaptainObvious]

Quote from CaptainObvious:

Ooops! It's a borrowers getting the bailout. :eek: Ok terrorists, just stand by for further instructions.

Wait! Re-thinking this, if the borrowers get the bail out, who really benefits? The f'n lenders. God Dammit! OK terrorists, you're back on the job. Man, this shit pisses me off so bad I can't even think straight. They just keep shoving it up our asses.

 

[Pa(b)st Prime]

Quote from OldTrader:

I thought this little new tidbit was worthy of attention. It seems the government is considering helping out all those subprime borrowers that are having difficulties:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1x64z58hsB4&refer=home

OldTrader

Jeez, isn't the mortgage deduction enough of a Federal subsidy?

Not to worry the Nanny is on the way.....

 

[nkhoi]

Quote from OldTrader:

I thought this little new tidbit was worthy of attention. It seems the government is considering helping out all those subprime borrowers that are having difficulties:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1x64z58hsB4&refer=home

OldTrader

good news, FEMA has cheap house for sale

LITTLE ROCK, Ark. — A year and a half after Hurricanes Katrina and Rita, FEMA is auctioning off at fire-sale prices thousands of trailers used by storm victims, raising fears among mobile-home dealers that the government will flood the market and depress prices.

http://www.sharon-herald.com/business/local_story_068192430.html?keyword=topstory

 

[risktaker]

I don't think the government ever bails out the little guys. This is manipulation by the lending industry for a bailout masked to look like it's the government helping average joe. Yeah, right!

 

[RedDuke]

Quote from stevegee58:

Or hopefully on the bottom of the food chain either.

Way off the buttom and way off the top. I am among thoese will will have to pay the bill.

If the bail out takes place, it will once again propogate consume today as much as you can and the hell with tomorrow. Uncle Sam is always out there to help out.

 

[CaptainObvious]

Basically, with this type of action our government has just taken the risk out of lending money for the big boys. They'll get their money either way. Too what end will they keep this house of cards propped up?

 

[stevegee58]

If you think about it, "bailout" is kind of a strong word. There's no way anyone is gonna pay off these stinkers. We're talking an astronomical amount of money.

More likely they'll just force the banks to give more time to borrowers, renegotiate, etc.