Report shows strategic defaults increasing

[jpinpb]

CAR – I share your sentiments completely.

[SD Realtor]

Could not agree with you more CAR.

[SD Realtor]

Could not agree with you more CAR.

[SD Realtor]

Could not agree with you more CAR.

[SD Realtor]

Could not agree with you more CAR.

[SD Realtor]

Could not agree with you more CAR.

[briansd1]

[quote=CA renter]
Yes, the govt would have needed to step in, IMHO, but it would have been better if they had nationalized the banks (if necessary) and backstopped the FDIC, SIPC, and PBGC. Additionally, I was in favor of work projects to keep people employed and to help restore/improve our energy and transportation infrastructure. Increased funding for R&D in medical and energy technologies would also have been encouraged.[/quote]

I agree with almost everything you said. And I would have preferred your way also.

That would have meant much more “socialism” which TPTB at the time would not stomach. That would have meant nationalizing Citibank, BofA, etc.., firing all the executives, and wiping out the shareholders.

Work projects would have meant expanding government to build highways, trains, or whatever. I’m my opinion it’s better than giving out money for free to the unemployed.

The public support for such drastic action would not have come about until massive pain had been felt — massive foreclosures and walk-ways, house values dropping 80% in some areas overnight.

The value of money market accounts and other non-insured accounts would have been drastically cut.

If people think that Obama is socialist now, they would have been shocked at the socialism we would have seen had the whole financial system completely collapsed. Our whole society would have been reorganized by the government.

Anyway, we are well past that now… when Bush, Paulson and Bernanke began the bailouts, we entered the point of no return. What’s done cannot be undone.

[briansd1]

[quote=CA renter]
Yes, the govt would have needed to step in, IMHO, but it would have been better if they had nationalized the banks (if necessary) and backstopped the FDIC, SIPC, and PBGC. Additionally, I was in favor of work projects to keep people employed and to help restore/improve our energy and transportation infrastructure. Increased funding for R&D in medical and energy technologies would also have been encouraged.[/quote]

I agree with almost everything you said. And I would have preferred your way also.

That would have meant much more “socialism” which TPTB at the time would not stomach. That would have meant nationalizing Citibank, BofA, etc.., firing all the executives, and wiping out the shareholders.

Work projects would have meant expanding government to build highways, trains, or whatever. I’m my opinion it’s better than giving out money for free to the unemployed.

The public support for such drastic action would not have come about until massive pain had been felt — massive foreclosures and walk-ways, house values dropping 80% in some areas overnight.

The value of money market accounts and other non-insured accounts would have been drastically cut.

If people think that Obama is socialist now, they would have been shocked at the socialism we would have seen had the whole financial system completely collapsed. Our whole society would have been reorganized by the government.

Anyway, we are well past that now… when Bush, Paulson and Bernanke began the bailouts, we entered the point of no return. What’s done cannot be undone.

[briansd1]

[quote=CA renter]
Yes, the govt would have needed to step in, IMHO, but it would have been better if they had nationalized the banks (if necessary) and backstopped the FDIC, SIPC, and PBGC. Additionally, I was in favor of work projects to keep people employed and to help restore/improve our energy and transportation infrastructure. Increased funding for R&D in medical and energy technologies would also have been encouraged.[/quote]

I agree with almost everything you said. And I would have preferred your way also.

That would have meant much more “socialism” which TPTB at the time would not stomach. That would have meant nationalizing Citibank, BofA, etc.., firing all the executives, and wiping out the shareholders.

Work projects would have meant expanding government to build highways, trains, or whatever. I’m my opinion it’s better than giving out money for free to the unemployed.

The public support for such drastic action would not have come about until massive pain had been felt — massive foreclosures and walk-ways, house values dropping 80% in some areas overnight.

The value of money market accounts and other non-insured accounts would have been drastically cut.

If people think that Obama is socialist now, they would have been shocked at the socialism we would have seen had the whole financial system completely collapsed. Our whole society would have been reorganized by the government.

Anyway, we are well past that now… when Bush, Paulson and Bernanke began the bailouts, we entered the point of no return. What’s done cannot be undone.

[briansd1]

[quote=CA renter]
Yes, the govt would have needed to step in, IMHO, but it would have been better if they had nationalized the banks (if necessary) and backstopped the FDIC, SIPC, and PBGC. Additionally, I was in favor of work projects to keep people employed and to help restore/improve our energy and transportation infrastructure. Increased funding for R&D in medical and energy technologies would also have been encouraged.[/quote]

I agree with almost everything you said. And I would have preferred your way also.

That would have meant much more “socialism” which TPTB at the time would not stomach. That would have meant nationalizing Citibank, BofA, etc.., firing all the executives, and wiping out the shareholders.

Work projects would have meant expanding government to build highways, trains, or whatever. I’m my opinion it’s better than giving out money for free to the unemployed.

The public support for such drastic action would not have come about until massive pain had been felt — massive foreclosures and walk-ways, house values dropping 80% in some areas overnight.

The value of money market accounts and other non-insured accounts would have been drastically cut.

If people think that Obama is socialist now, they would have been shocked at the socialism we would have seen had the whole financial system completely collapsed. Our whole society would have been reorganized by the government.

Anyway, we are well past that now… when Bush, Paulson and Bernanke began the bailouts, we entered the point of no return. What’s done cannot be undone.

[briansd1]

[quote=CA renter]
Yes, the govt would have needed to step in, IMHO, but it would have been better if they had nationalized the banks (if necessary) and backstopped the FDIC, SIPC, and PBGC. Additionally, I was in favor of work projects to keep people employed and to help restore/improve our energy and transportation infrastructure. Increased funding for R&D in medical and energy technologies would also have been encouraged.[/quote]

I agree with almost everything you said. And I would have preferred your way also.

That would have meant much more “socialism” which TPTB at the time would not stomach. That would have meant nationalizing Citibank, BofA, etc.., firing all the executives, and wiping out the shareholders.

Work projects would have meant expanding government to build highways, trains, or whatever. I’m my opinion it’s better than giving out money for free to the unemployed.

The public support for such drastic action would not have come about until massive pain had been felt — massive foreclosures and walk-ways, house values dropping 80% in some areas overnight.

The value of money market accounts and other non-insured accounts would have been drastically cut.

If people think that Obama is socialist now, they would have been shocked at the socialism we would have seen had the whole financial system completely collapsed. Our whole society would have been reorganized by the government.

Anyway, we are well past that now… when Bush, Paulson and Bernanke began the bailouts, we entered the point of no return. What’s done cannot be undone.

[briansd1]

[quote=CA renter]
4. Those who believe the crisis has been averted are not looking far enough into the future. We will be paying for this for **decades** because there is NO WAY we can pay for all of this without tremendously burdensome taxes and reduced services, in addition to greatly reduced purchasing power, domestically and globally. [/quote]

I believe that they will declare victory when growth returns.

The can is kicked down the road and they’ll call it the next crisis rather the continuation of the same crisis.

Considering this future that we are facing, do you think that there is some urgency to buy a house now before prices go up and inventory dwindles?

[briansd1]

[quote=CA renter]
4. Those who believe the crisis has been averted are not looking far enough into the future. We will be paying for this for **decades** because there is NO WAY we can pay for all of this without tremendously burdensome taxes and reduced services, in addition to greatly reduced purchasing power, domestically and globally. [/quote]

I believe that they will declare victory when growth returns.

The can is kicked down the road and they’ll call it the next crisis rather the continuation of the same crisis.

Considering this future that we are facing, do you think that there is some urgency to buy a house now before prices go up and inventory dwindles?

[briansd1]

[quote=CA renter]
4. Those who believe the crisis has been averted are not looking far enough into the future. We will be paying for this for **decades** because there is NO WAY we can pay for all of this without tremendously burdensome taxes and reduced services, in addition to greatly reduced purchasing power, domestically and globally. [/quote]

I believe that they will declare victory when growth returns.

The can is kicked down the road and they’ll call it the next crisis rather the continuation of the same crisis.

Considering this future that we are facing, do you think that there is some urgency to buy a house now before prices go up and inventory dwindles?

[briansd1]

[quote=CA renter]
4. Those who believe the crisis has been averted are not looking far enough into the future. We will be paying for this for **decades** because there is NO WAY we can pay for all of this without tremendously burdensome taxes and reduced services, in addition to greatly reduced purchasing power, domestically and globally. [/quote]

I believe that they will declare victory when growth returns.

The can is kicked down the road and they’ll call it the next crisis rather the continuation of the same crisis.

Considering this future that we are facing, do you think that there is some urgency to buy a house now before prices go up and inventory dwindles?

[Author]

Posts