- This topic has 70 replies, 11 voices, and was last updated 15 years, 4 months ago by
Nor-LA-SD-guy.
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January 8, 2009 at 7:45 PM #326634January 8, 2009 at 9:34 PM #326163
patientrenter
Participant[quote=bsrsharma]Someone has to pay
That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.[/quote]
If the lenders were all private, and got no govt support when loans went bad, then the lenders would indeed be learning from taking losses. Most of the money being loaned today either comes directly from the govt, or is backstopped by it, so the lessons are not being learned, and the taxpayers are picking up the tab (until inflation can be ignited, when conservative savers will start sharing the tab).
January 8, 2009 at 9:34 PM #326504Participant[quote=bsrsharma]Someone has to pay
That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.[/quote]
If the lenders were all private, and got no govt support when loans went bad, then the lenders would indeed be learning from taking losses. Most of the money being loaned today either comes directly from the govt, or is backstopped by it, so the lessons are not being learned, and the taxpayers are picking up the tab (until inflation can be ignited, when conservative savers will start sharing the tab).
January 8, 2009 at 9:34 PM #326572Participant[quote=bsrsharma]Someone has to pay
That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.[/quote]
If the lenders were all private, and got no govt support when loans went bad, then the lenders would indeed be learning from taking losses. Most of the money being loaned today either comes directly from the govt, or is backstopped by it, so the lessons are not being learned, and the taxpayers are picking up the tab (until inflation can be ignited, when conservative savers will start sharing the tab).
January 8, 2009 at 9:34 PM #326590Participant[quote=bsrsharma]Someone has to pay
That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.[/quote]
If the lenders were all private, and got no govt support when loans went bad, then the lenders would indeed be learning from taking losses. Most of the money being loaned today either comes directly from the govt, or is backstopped by it, so the lessons are not being learned, and the taxpayers are picking up the tab (until inflation can be ignited, when conservative savers will start sharing the tab).
January 8, 2009 at 9:34 PM #326674Participant[quote=bsrsharma]Someone has to pay
That would be the lender. What is wrong with a greedy or stupid lender sharing in the losses? This will make future lending much more conservative, which seems not very bad.[/quote]
If the lenders were all private, and got no govt support when loans went bad, then the lenders would indeed be learning from taking losses. Most of the money being loaned today either comes directly from the govt, or is backstopped by it, so the lessons are not being learned, and the taxpayers are picking up the tab (until inflation can be ignited, when conservative savers will start sharing the tab).
January 8, 2009 at 9:42 PM #326178SD Realtor
ParticipantUnfortunately the same can be said for the automakers, banks, insurance companies and well… pretty much any other company who wants to join the TARP.
That’s okay though… I was listening to some of the programs that cities will be spending bailout money on. Awesome stuff! A BMX track in Miami. A museum in Trenton…wow I cannot wait.
January 8, 2009 at 9:42 PM #326519ParticipantUnfortunately the same can be said for the automakers, banks, insurance companies and well… pretty much any other company who wants to join the TARP.
That’s okay though… I was listening to some of the programs that cities will be spending bailout money on. Awesome stuff! A BMX track in Miami. A museum in Trenton…wow I cannot wait.
January 8, 2009 at 9:42 PM #326587ParticipantUnfortunately the same can be said for the automakers, banks, insurance companies and well… pretty much any other company who wants to join the TARP.
That’s okay though… I was listening to some of the programs that cities will be spending bailout money on. Awesome stuff! A BMX track in Miami. A museum in Trenton…wow I cannot wait.
January 8, 2009 at 9:42 PM #326606ParticipantUnfortunately the same can be said for the automakers, banks, insurance companies and well… pretty much any other company who wants to join the TARP.
That’s okay though… I was listening to some of the programs that cities will be spending bailout money on. Awesome stuff! A BMX track in Miami. A museum in Trenton…wow I cannot wait.
January 8, 2009 at 9:42 PM #326689ParticipantUnfortunately the same can be said for the automakers, banks, insurance companies and well… pretty much any other company who wants to join the TARP.
That’s okay though… I was listening to some of the programs that cities will be spending bailout money on. Awesome stuff! A BMX track in Miami. A museum in Trenton…wow I cannot wait.
January 8, 2009 at 9:45 PM #3261834plexowner
ParticipantYou forgot the adult entertainment industry!
Isn’t there room under the TARP for them too?
Throw in a jar of Crisco and everyone can have a good time!
Crisco Twister under the TARP! Yahoo!!!
January 8, 2009 at 9:45 PM #326522ParticipantYou forgot the adult entertainment industry!
Isn’t there room under the TARP for them too?
Throw in a jar of Crisco and everyone can have a good time!
Crisco Twister under the TARP! Yahoo!!!
January 8, 2009 at 9:45 PM #326592ParticipantYou forgot the adult entertainment industry!
Isn’t there room under the TARP for them too?
Throw in a jar of Crisco and everyone can have a good time!
Crisco Twister under the TARP! Yahoo!!!
January 8, 2009 at 9:45 PM #326611ParticipantYou forgot the adult entertainment industry!
Isn’t there room under the TARP for them too?
Throw in a jar of Crisco and everyone can have a good time!
Crisco Twister under the TARP! Yahoo!!!
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