Government Bailout on the Way?

[TheDudeofLife]

Quote from 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.

welcome to 21st century American style Capitalism, where moral hazard is the rule of the day.


Excessive risk taking is rewarded. Profits are private but losses are public.

 

[wee man]

Quote from a529612:

Where are they going to find the $ for the bailout?

They could offer them prime residential homes in Iraq as a straight swap...