BAILOUT!!

[pnilesh]

Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react?

[drunkle]

15… beelion… dollars…?!?

i dropped a nice email into the dnc mail box… i think it was a dnc originated plot. something about democrats are just as stupid and evil as republicans, just with different language.

be forwarned, you’ll end up on the dnc mailing list if you write.

[drunkle]

15… beelion… dollars…?!?

i dropped a nice email into the dnc mail box… i think it was a dnc originated plot. something about democrats are just as stupid and evil as republicans, just with different language.

be forwarned, you’ll end up on the dnc mailing list if you write.

[drunkle]

15… beelion… dollars…?!?

i dropped a nice email into the dnc mail box… i think it was a dnc originated plot. something about democrats are just as stupid and evil as republicans, just with different language.

be forwarned, you’ll end up on the dnc mailing list if you write.

[drunkle]

15… beelion… dollars…?!?

i dropped a nice email into the dnc mail box… i think it was a dnc originated plot. something about democrats are just as stupid and evil as republicans, just with different language.

be forwarned, you’ll end up on the dnc mailing list if you write.

[drunkle]

15… beelion… dollars…?!?

i dropped a nice email into the dnc mail box… i think it was a dnc originated plot. something about democrats are just as stupid and evil as republicans, just with different language.

be forwarned, you’ll end up on the dnc mailing list if you write.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[patientrenter]

At this point, the war about massive govt intervention is over, and they are just arguing over how to clean up the accounting. The war ended when the FHLB was given the green light in 2007 to pump in unlimited funds for Countrwide and other lenders still offering 90%+ loans on over-inflated homes. Over $500 billion was already pumped in during 2007, and it’s still flowing freely. The main aqueduct is flowing, and now they are just fine-tuning by opening as many other spigots as they can think of.

Natural economic forces would take home prices in So Cal down by 50% in a few months, I would guess. After all, just think if you’d lend some homebuyer, with your own unborrowed cash savings, a non-recourse, no-prepayment penalty loan for 90% of today’s still-inflated prices, for a return of just 2-4% annually above what you could get on a 10-year Treasury. That’s what’s happening in today’s market, and obviously the only people doing it are banks and others who are getting explicit or implicit guarantees from you and me (the govt.).

So don’t get upset about the future. It’s already in the past!

Patient renter in OC

[patientrenter]

At this point, the war about massive govt intervention is over, and they are just arguing over how to clean up the accounting. The war ended when the FHLB was given the green light in 2007 to pump in unlimited funds for Countrwide and other lenders still offering 90%+ loans on over-inflated homes. Over $500 billion was already pumped in during 2007, and it’s still flowing freely. The main aqueduct is flowing, and now they are just fine-tuning by opening as many other spigots as they can think of.

Natural economic forces would take home prices in So Cal down by 50% in a few months, I would guess. After all, just think if you’d lend some homebuyer, with your own unborrowed cash savings, a non-recourse, no-prepayment penalty loan for 90% of today’s still-inflated prices, for a return of just 2-4% annually above what you could get on a 10-year Treasury. That’s what’s happening in today’s market, and obviously the only people doing it are banks and others who are getting explicit or implicit guarantees from you and me (the govt.).

So don’t get upset about the future. It’s already in the past!

Patient renter in OC

[patientrenter]

At this point, the war about massive govt intervention is over, and they are just arguing over how to clean up the accounting. The war ended when the FHLB was given the green light in 2007 to pump in unlimited funds for Countrwide and other lenders still offering 90%+ loans on over-inflated homes. Over $500 billion was already pumped in during 2007, and it’s still flowing freely. The main aqueduct is flowing, and now they are just fine-tuning by opening as many other spigots as they can think of.

Natural economic forces would take home prices in So Cal down by 50% in a few months, I would guess. After all, just think if you’d lend some homebuyer, with your own unborrowed cash savings, a non-recourse, no-prepayment penalty loan for 90% of today’s still-inflated prices, for a return of just 2-4% annually above what you could get on a 10-year Treasury. That’s what’s happening in today’s market, and obviously the only people doing it are banks and others who are getting explicit or implicit guarantees from you and me (the govt.).

So don’t get upset about the future. It’s already in the past!

Patient renter in OC

[patientrenter]

At this point, the war about massive govt intervention is over, and they are just arguing over how to clean up the accounting. The war ended when the FHLB was given the green light in 2007 to pump in unlimited funds for Countrwide and other lenders still offering 90%+ loans on over-inflated homes. Over $500 billion was already pumped in during 2007, and it’s still flowing freely. The main aqueduct is flowing, and now they are just fine-tuning by opening as many other spigots as they can think of.

Natural economic forces would take home prices in So Cal down by 50% in a few months, I would guess. After all, just think if you’d lend some homebuyer, with your own unborrowed cash savings, a non-recourse, no-prepayment penalty loan for 90% of today’s still-inflated prices, for a return of just 2-4% annually above what you could get on a 10-year Treasury. That’s what’s happening in today’s market, and obviously the only people doing it are banks and others who are getting explicit or implicit guarantees from you and me (the govt.).

So don’t get upset about the future. It’s already in the past!

Patient renter in OC

[Author]

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