esmith, you are right it’s 90% of market, not debt.
Padre, it’s not that i’m mad about it, I just read the fine print and realize that the headline doesn’t match the bill of goods. The hype will be that congress is saving people from foreclosure, keeping the market from falling and that’s all people will hear (there are more voting homeowners and fb’s than reverse flippers so it’s a wise move). Few are “saved” and rightfully so, most should not be saved, but like bubba pointed out, we just got sold a bipartisan bill of goods that has little to do with it’s headline. I smell BS, I also doubt the part about the percentages that fannie and freddie will even need the money. They are attempting to stop the invisible hand and it will slap them somehow, or probably it will slap you and me and we didn’t do anything.
It wont maintain anything and the debt will go higher, why do we have to bail out things that fail, why is darwinism so bad? The market will find a way without our tax money, let it. I haven’t had a drop of wine for a week, and just now I broke out one, I had to.
