Homebuilders Make Plea for $250 billion in Federal Aid

Quote from ByLoSellHi:

Sweet!

Just what we need! More new homes on the market!

Exxon Mobil is going to ask for 500 Billion next!!!
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Yeah, how can they live with record profits when absolute failures are making more money?
 
This is exactly what I feared when I wrote this last month:

Quote from saliva:

I consider myself a permabear but I've had fucking too much. Look at this friggin' market. The government practically bent backward to give everything that the market asked for. It asks for an interest rate cut, it gets it. It then asks for more, it gets it. If that weren't enough, it asks for a bailout, then another bailout, and then a systemwide bailout. It gets the whole fucking deal and some more. It then wants the whole fucking world to bail out its problem and, believe it or not, it gets even that. But now it wants Uncle Sam to bail out the Walmarts and the Microsofts of the world!
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The homebuilders are pathetic. They had this spokesman come on TV trying to make his case and he made a fool of himself. All he could say is that everyone owns a house, big part of economy etc it was a bubble, anyone who goes bankrupt is their own damn fault.
 
Nov 21/08 FDIC acquired the 22nd failed bank 'PFF Bank & Trust' - 35 branches who
had a large concentration of housing construction company loans who were hit hard
by the deteriorating real estate market on the West Coast and were unable to obtain
financing/repay loans - ripples, spiral

there's 8K+ US banks so it's very few so far that have been takenover by the FDIC
 
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