The Bush Housing Bailout

MajorUrsa · Aug 31, 2007

Quote from S2007S:

I think bailing out these homeowners will only create more problems, this is not the way to do it. ITS NOT THE WAY TO DO IT.

I agree. To me personally this is the most bearish of signals. Apparently there is a timebomb and they're hiring a monkey to disarm it.
It's like sending a few sandbags to NewOrleans to stem the floods. It only delays the flood and the burst will be even greater.

Having Bernanke in on this plan means there is unprecedented, real trouble.

Ursa..

Tracy McGreedy · Aug 31, 2007

Today, capitalism failed. There is no such thing as free markets. Communism reigned in America today. Hello bloated tax bill for the responsible.

Quote from myminitrading:

THEIR IS NO SUCH THING AS A FREE MARKET!

ron2368 · Aug 31, 2007

I thought that bush was behind the big reform for tighter bankruptcy laws along with low rates so everyone could borrow.

Now he wants a government bailout. I guess that makes perfect sense.

jamis359 · Aug 31, 2007

Quote from Tracy McGreedy:

Today, capitalism failed. There is no such thing as free markets. Communism reigned in America today. Hello bloated tax bill for the responsible.

Alright then, that means you are also opposed to tax deductions for mortgage interest. That's a subsidy.

wilburbear · Aug 31, 2007

Quote from nitro:

44% gains not good enough for you?

http://finance.yahoo.com/q?s=lend

nitro

I wrote that last night before I woke and saw big profits in LEND. But I still have to say a bailout doesn't seem right. Now we've got 2 parties in a competitive race to spend more to get votes.

What was that saying? - "A democracy lasts only up to the point where people figure out that they can vote money out of the public treasury. Then it's over." It's a vicious cycle with momentum behind it, and we have no plan in this country for ending it.

Tracy McGreedy · Aug 31, 2007

No, sherlock. a mortgage deduction is open to all participants and NOT a bailout for dirty speculators, learn the difference.

Quote from jamis359:

Alright then, that means you are also opposed to tax deductions for mortgage interest. That's a subsidy.

jamis359 · Aug 31, 2007

Quote from Tracy McGreedy:

No, sherlock. a mortgage deduction is open to all participants and NOT a bailout for dirty speculators, learn the difference.

You're splitting hairs. If you truly believe in free markets then you must oppose all government subsidies, whether it's for tobacco farmers, oil drillers or homeowners. I take it from your response you enjoy your mortgage tax deduction, which means you are not a true free market advocate. No problem. Enjoy your government subsidy.

Tracy McGreedy · Aug 31, 2007

nope, a bailout is a quick fix for one of the 7 deadly sins.

Quote from jamis359:

You're splitting hairs. If you truly believe in free markets then you must oppose all government subsidies, whether it's for tobacco farmers, oil drillers or homeowners. I take it from your response you enjoy your mortgage tax deduction, which means you are not a true free market advocate. No problem. Enjoy your government subsidy.

marketsurfer · Aug 31, 2007

Quote from Tracy McGreedy:

No, sherlock. a mortgage deduction is open to all participants and NOT a bailout for dirty speculators, learn the difference.

dirty speculators?

:eek:

surf

Tracy McGreedy · Aug 31, 2007

"Is this it? Is this what it's all about, Manny? Eating, Drinking, Fucking, Sucking, [Come on, man] Snorting? Then what? Tell me, then what? You're fifty. You gotta bag for a belly. You got tits, you need a bra; they got hair on 'em. You got a liver, it's got spots on it, and your eatin' dis fucking shit; and you're looking like these rich fucking mummies in here"

Quote from marketsurfer:

dirty speculators? :eek:

surf