I tell myself not to respond to these sorts of posts but I cannot help it.
I think you are missing the point.
Some of us such as myself are concerned that the recent bailouts as well as the future bailouts, lender workouts, as well as possible roll over and belly up behavior of the investors may indeed have a small effect on the depreciation cycle by reducing possible inventory.
That point of view differs between posters.
The ire about the entire situation is simple. Consumers are being rewarded for irresponsible consumption and lenders are being saved for poor if not vaporlike underwriting standards at time of origination. Furthermore not a penny of taxpayer money should be applied to ANY of this.
Do you think any of your taxpayer money should be used to either provide life support for a lender, or to subsidize an investor, or to assist in the workout of some chump making 40k a year living beyond his means?
It is not happening at the moment but is there a possibility it could happen?
