[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.