[quote=patientrenter][quote=Allan from Fallbrook]…this is the government’s way of attempting a “soft landing” in terms of market valuation on those toxic assets.[/quote]
If I were not a cynic, Allan, I would believe this. My cynical side says that what’s really going on is redirecting the consequences of bad actions from the principal orchestraters and beneficiaries to the innocent bystanders. In other words, my cynical side tells me the soft landing is marketed as a rescue for us all, but it’s really a smokescreen for a painless escape by the primary perpretators.[/quote]
So true, PR.
SDR, that must be a trick question, right? 😉
Of course, those with the gold make the rules, and we peasants on the ground can just hope that a few crumbs fall our way.
It’s most unsettling to see all this going on, and the worst aspect of it all, is that is being done in broad daylight, for the most part. They’re giving taxpayer money, hand-over-fist, to the very parties who caused all the problems…and nobody in power seems to have any problem with it.
Whatever happened to Hank Paulson’s claim that we would look for the guilty parties when the “crisis” is averted. Gosh, with all the green shoots an’ stuff, you’d think they’d be beating the bushes already looking for the “guilty perpetrators.”
Frustrating, frustrating, frustrating.
…oh, but the conversations I’ve had that led to my post actually do give me hope. It sounds like lots and lots of “investors” (both small and large) are buying real estate right now; and every one of them is expecting to sell it to some greater fool for a profit sometime in the future. Now, THAT is what I’m waiting for. 🙂
