Bailout doubters may want to read this

[kev374]

This is why we DO NOT need democrats in the white house. They will have a huge bailout and tax those of us who have worked hard to earn the money that we richly deserve. Tax the responsible and hand it to the bums who not only chose to live beyond their means but then complain that they are not continuing to get the free ride that they have recieved in the past 2-3 yrs of their 0 down negAm mortgages!

[jpinpb]

Not too smart w/this kind of thing, but aren’t Dems for the little poor people and not big business. I would think the Reps will want to save big business banks and try to come out of it smelling good b/c they’re helping all those people losing their homes.

[jpinpb]

Not too smart w/this kind of thing, but aren’t Dems for the little poor people and not big business. I would think the Reps will want to save big business banks and try to come out of it smelling good b/c they’re helping all those people losing their homes.

[jpinpb]

Not too smart w/this kind of thing, but aren’t Dems for the little poor people and not big business. I would think the Reps will want to save big business banks and try to come out of it smelling good b/c they’re helping all those people losing their homes.

[jpinpb]

Not too smart w/this kind of thing, but aren’t Dems for the little poor people and not big business. I would think the Reps will want to save big business banks and try to come out of it smelling good b/c they’re helping all those people losing their homes.

[jpinpb]

Not too smart w/this kind of thing, but aren’t Dems for the little poor people and not big business. I would think the Reps will want to save big business banks and try to come out of it smelling good b/c they’re helping all those people losing their homes.

[patientlywaiting]

I disagree kev374. Republicans aren’t any better.

I personally would rather bail-out the FBs than bail-out the executives who made the bad decisions, and the shareholders who made the bad decisions to buy into companies run by bad executives.

We need to bail out the financial system to protect the American way of life. But shareholders and executives need to pay the financial price for their bad decisions. It’s moral hazard, stupid! (just the expression, don’t mean to say you’re stupid).

I don’t see a problem with Warren Buffett buying companies for pennies on the dollar or nationalizing Fannie Mae as the shareholders get wiped-out. That’s how Capitalism is supposed to work.

The FB homebuyers are at the bottom of the totem pole. Besides, if we don’t find a way to let the consumers consume again, then who will drive the economy?

Don’t worry, the FBs who opt for the bail-out programs to remain in their homes, will be paying for it for the next 30 years. It’s poetic justice.

[patientlywaiting]

I disagree kev374. Republicans aren’t any better.

I personally would rather bail-out the FBs than bail-out the executives who made the bad decisions, and the shareholders who made the bad decisions to buy into companies run by bad executives.

We need to bail out the financial system to protect the American way of life. But shareholders and executives need to pay the financial price for their bad decisions. It’s moral hazard, stupid! (just the expression, don’t mean to say you’re stupid).

I don’t see a problem with Warren Buffett buying companies for pennies on the dollar or nationalizing Fannie Mae as the shareholders get wiped-out. That’s how Capitalism is supposed to work.

The FB homebuyers are at the bottom of the totem pole. Besides, if we don’t find a way to let the consumers consume again, then who will drive the economy?

Don’t worry, the FBs who opt for the bail-out programs to remain in their homes, will be paying for it for the next 30 years. It’s poetic justice.

[patientlywaiting]

I disagree kev374. Republicans aren’t any better.

I personally would rather bail-out the FBs than bail-out the executives who made the bad decisions, and the shareholders who made the bad decisions to buy into companies run by bad executives.

We need to bail out the financial system to protect the American way of life. But shareholders and executives need to pay the financial price for their bad decisions. It’s moral hazard, stupid! (just the expression, don’t mean to say you’re stupid).

I don’t see a problem with Warren Buffett buying companies for pennies on the dollar or nationalizing Fannie Mae as the shareholders get wiped-out. That’s how Capitalism is supposed to work.

The FB homebuyers are at the bottom of the totem pole. Besides, if we don’t find a way to let the consumers consume again, then who will drive the economy?

Don’t worry, the FBs who opt for the bail-out programs to remain in their homes, will be paying for it for the next 30 years. It’s poetic justice.

[patientlywaiting]

I disagree kev374. Republicans aren’t any better.

I personally would rather bail-out the FBs than bail-out the executives who made the bad decisions, and the shareholders who made the bad decisions to buy into companies run by bad executives.

We need to bail out the financial system to protect the American way of life. But shareholders and executives need to pay the financial price for their bad decisions. It’s moral hazard, stupid! (just the expression, don’t mean to say you’re stupid).

I don’t see a problem with Warren Buffett buying companies for pennies on the dollar or nationalizing Fannie Mae as the shareholders get wiped-out. That’s how Capitalism is supposed to work.

The FB homebuyers are at the bottom of the totem pole. Besides, if we don’t find a way to let the consumers consume again, then who will drive the economy?

Don’t worry, the FBs who opt for the bail-out programs to remain in their homes, will be paying for it for the next 30 years. It’s poetic justice.

[patientlywaiting]

I disagree kev374. Republicans aren’t any better.

I personally would rather bail-out the FBs than bail-out the executives who made the bad decisions, and the shareholders who made the bad decisions to buy into companies run by bad executives.

We need to bail out the financial system to protect the American way of life. But shareholders and executives need to pay the financial price for their bad decisions. It’s moral hazard, stupid! (just the expression, don’t mean to say you’re stupid).

I don’t see a problem with Warren Buffett buying companies for pennies on the dollar or nationalizing Fannie Mae as the shareholders get wiped-out. That’s how Capitalism is supposed to work.

The FB homebuyers are at the bottom of the totem pole. Besides, if we don’t find a way to let the consumers consume again, then who will drive the economy?

Don’t worry, the FBs who opt for the bail-out programs to remain in their homes, will be paying for it for the next 30 years. It’s poetic justice.

[sdnerd]

I think at this point it’s obvious the government is going to do something, and that great unknown as to exactly what is unsettling.

Debt forgiveness, re-negotiating rates, major foreclosure prevention, etc. There are a lot of possible scenarios that could keep people in their homes, and create a pricing floor.

So while they can’t stop the train, and those who have already been run over are toast, I can see the government stepping in to slow it down.

If they are able to manage that, it could end up helping the more desirable locations, and higher end homes the most since they will be the last to have heavy decline in most markets. Lower and middle class get steamrolled, upper class gets saved in the nick of time? (Even though in many cases people buying these homes can’t wildly afford them)

And the part that has me concerned is, as a saver – keeping liquid funds these days is getting harder & harder. Where do you put it? Interest rates keep getting cut, stock market is volatile, and inflation is going up. The 5% high interest accounts are quickly going away, and soon it’ll be 2-3%. Once you tax that, and factor in inflation – say goodbye to the money.

Maybe we’ll all be on this board 5 years from now.. still waiting for those significant price declines in the nicer parts of town, watching our savings get eaten away, while a lot of people who overstretched live beyond their means via government intervention. Life isn’t fair and all that?

Maybe not – who knows. Someone wake me up when CV, RSF, La Jolla, or any of the other commonly desired locations has anything significant of a price drop that doesn’t get multiple offers the next day.

[sdnerd]

I think at this point it’s obvious the government is going to do something, and that great unknown as to exactly what is unsettling.

Debt forgiveness, re-negotiating rates, major foreclosure prevention, etc. There are a lot of possible scenarios that could keep people in their homes, and create a pricing floor.

So while they can’t stop the train, and those who have already been run over are toast, I can see the government stepping in to slow it down.

If they are able to manage that, it could end up helping the more desirable locations, and higher end homes the most since they will be the last to have heavy decline in most markets. Lower and middle class get steamrolled, upper class gets saved in the nick of time? (Even though in many cases people buying these homes can’t wildly afford them)

And the part that has me concerned is, as a saver – keeping liquid funds these days is getting harder & harder. Where do you put it? Interest rates keep getting cut, stock market is volatile, and inflation is going up. The 5% high interest accounts are quickly going away, and soon it’ll be 2-3%. Once you tax that, and factor in inflation – say goodbye to the money.

Maybe we’ll all be on this board 5 years from now.. still waiting for those significant price declines in the nicer parts of town, watching our savings get eaten away, while a lot of people who overstretched live beyond their means via government intervention. Life isn’t fair and all that?

Maybe not – who knows. Someone wake me up when CV, RSF, La Jolla, or any of the other commonly desired locations has anything significant of a price drop that doesn’t get multiple offers the next day.

[sdnerd]

I think at this point it’s obvious the government is going to do something, and that great unknown as to exactly what is unsettling.

Debt forgiveness, re-negotiating rates, major foreclosure prevention, etc. There are a lot of possible scenarios that could keep people in their homes, and create a pricing floor.

So while they can’t stop the train, and those who have already been run over are toast, I can see the government stepping in to slow it down.

If they are able to manage that, it could end up helping the more desirable locations, and higher end homes the most since they will be the last to have heavy decline in most markets. Lower and middle class get steamrolled, upper class gets saved in the nick of time? (Even though in many cases people buying these homes can’t wildly afford them)

And the part that has me concerned is, as a saver – keeping liquid funds these days is getting harder & harder. Where do you put it? Interest rates keep getting cut, stock market is volatile, and inflation is going up. The 5% high interest accounts are quickly going away, and soon it’ll be 2-3%. Once you tax that, and factor in inflation – say goodbye to the money.

Maybe we’ll all be on this board 5 years from now.. still waiting for those significant price declines in the nicer parts of town, watching our savings get eaten away, while a lot of people who overstretched live beyond their means via government intervention. Life isn’t fair and all that?

Maybe not – who knows. Someone wake me up when CV, RSF, La Jolla, or any of the other commonly desired locations has anything significant of a price drop that doesn’t get multiple offers the next day.

[sdnerd]

I think at this point it’s obvious the government is going to do something, and that great unknown as to exactly what is unsettling.

Debt forgiveness, re-negotiating rates, major foreclosure prevention, etc. There are a lot of possible scenarios that could keep people in their homes, and create a pricing floor.

So while they can’t stop the train, and those who have already been run over are toast, I can see the government stepping in to slow it down.

If they are able to manage that, it could end up helping the more desirable locations, and higher end homes the most since they will be the last to have heavy decline in most markets. Lower and middle class get steamrolled, upper class gets saved in the nick of time? (Even though in many cases people buying these homes can’t wildly afford them)

And the part that has me concerned is, as a saver – keeping liquid funds these days is getting harder & harder. Where do you put it? Interest rates keep getting cut, stock market is volatile, and inflation is going up. The 5% high interest accounts are quickly going away, and soon it’ll be 2-3%. Once you tax that, and factor in inflation – say goodbye to the money.

Maybe we’ll all be on this board 5 years from now.. still waiting for those significant price declines in the nicer parts of town, watching our savings get eaten away, while a lot of people who overstretched live beyond their means via government intervention. Life isn’t fair and all that?

Maybe not – who knows. Someone wake me up when CV, RSF, La Jolla, or any of the other commonly desired locations has anything significant of a price drop that doesn’t get multiple offers the next day.

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