What the Rate Freeze Cheerleaders need to hear…

[SD Realtor]

I got to sneak out and play hockey today… the big conversation amongst the men was this bailout…lots of angst because this crew of guys are all pretty well educated and prudent… most are homeowners although some are renters. In all cases they are all fiscally responsible and everyone was pretty pissed off about the entire shmear…

I am sure you guys have all heard the infamous rumor about Paulson joining the Bush team for future immunity when it is found that GS hoodwinked investors… That one made me laugh today.

At any rate I couldn’t agree more about all of this being

a – about getting votes,
b – having nothing to do with helping people
c – most likely to be challenged by investors
d – not applicable to many people
e – not really having any major effect on the slide

However as you all know it all does piss me off. Furthermore I think maybe perhaps the backlash to it is something I underestimated which is a very good thing.

Still I am worried about it and the future ploys, announcements, schemes… whatever you want to call them. As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

SD Realtor

[Arraya]

As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

This is the problem they are all like that. Trciking us that something is good for the populace when it is only good for corporations is the norm in washington. Look at iraq, ethanol subsidies etc… The bottom line is until our politicans stop being corporate slaves nothing will change and they will continue to destroy our country.

IMO most people have their anger misdirected about this subject. They think it is about getting a free lunch. It is obviously not, it is about again tricking financially un-savvy people into a bad idea again. This is what we should all be mad about.

[Arraya]

As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

This is the problem they are all like that. Trciking us that something is good for the populace when it is only good for corporations is the norm in washington. Look at iraq, ethanol subsidies etc… The bottom line is until our politicans stop being corporate slaves nothing will change and they will continue to destroy our country.

IMO most people have their anger misdirected about this subject. They think it is about getting a free lunch. It is obviously not, it is about again tricking financially un-savvy people into a bad idea again. This is what we should all be mad about.

[Arraya]

As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

This is the problem they are all like that. Trciking us that something is good for the populace when it is only good for corporations is the norm in washington. Look at iraq, ethanol subsidies etc… The bottom line is until our politicans stop being corporate slaves nothing will change and they will continue to destroy our country.

IMO most people have their anger misdirected about this subject. They think it is about getting a free lunch. It is obviously not, it is about again tricking financially un-savvy people into a bad idea again. This is what we should all be mad about.

[Arraya]

As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

This is the problem they are all like that. Trciking us that something is good for the populace when it is only good for corporations is the norm in washington. Look at iraq, ethanol subsidies etc… The bottom line is until our politicans stop being corporate slaves nothing will change and they will continue to destroy our country.

IMO most people have their anger misdirected about this subject. They think it is about getting a free lunch. It is obviously not, it is about again tricking financially un-savvy people into a bad idea again. This is what we should all be mad about.

[Arraya]

As long as there are people like Dodd, Schumer, Hillary, Paulson, and others… there will be pandering to lowest common denominator.

This is the problem they are all like that. Trciking us that something is good for the populace when it is only good for corporations is the norm in washington. Look at iraq, ethanol subsidies etc… The bottom line is until our politicans stop being corporate slaves nothing will change and they will continue to destroy our country.

IMO most people have their anger misdirected about this subject. They think it is about getting a free lunch. It is obviously not, it is about again tricking financially un-savvy people into a bad idea again. This is what we should all be mad about.

[SD Realtor]

Arraya you have made alot of insightful posts on the subject and I could not agree more with them.

SD Realtor

[SD Realtor]

Arraya you have made alot of insightful posts on the subject and I could not agree more with them.

SD Realtor

[SD Realtor]

Arraya you have made alot of insightful posts on the subject and I could not agree more with them.

SD Realtor

[SD Realtor]

Arraya you have made alot of insightful posts on the subject and I could not agree more with them.

SD Realtor

[SD Realtor]

Arraya you have made alot of insightful posts on the subject and I could not agree more with them.

SD Realtor

[NotCranky]

I wonder what is going to happen when it becomes obvious that the industry is applying a bifurcated rate system with the help of the government. One set of rates for people who can get a welfare rate(to protect the lending system) and another of higher rates, later down the road, for people who behaved responsibly and were not overly leveraged at the time the welfare rates were being given out. So the second group waits for the housing market to fall like it should but pay as much monthly as the welfare cases anyway because of higher rates with no guaranty of when they will come down again. Nice. Unfortuantely I think the group that would be most enfuriated by this is small and resembles many piggs. The rest of us are to some degree conned by the potential benefits or perhaps have the means and can see how to exploit them.

[NotCranky]

I wonder what is going to happen when it becomes obvious that the industry is applying a bifurcated rate system with the help of the government. One set of rates for people who can get a welfare rate(to protect the lending system) and another of higher rates, later down the road, for people who behaved responsibly and were not overly leveraged at the time the welfare rates were being given out. So the second group waits for the housing market to fall like it should but pay as much monthly as the welfare cases anyway because of higher rates with no guaranty of when they will come down again. Nice. Unfortuantely I think the group that would be most enfuriated by this is small and resembles many piggs. The rest of us are to some degree conned by the potential benefits or perhaps have the means and can see how to exploit them.

[NotCranky]

I wonder what is going to happen when it becomes obvious that the industry is applying a bifurcated rate system with the help of the government. One set of rates for people who can get a welfare rate(to protect the lending system) and another of higher rates, later down the road, for people who behaved responsibly and were not overly leveraged at the time the welfare rates were being given out. So the second group waits for the housing market to fall like it should but pay as much monthly as the welfare cases anyway because of higher rates with no guaranty of when they will come down again. Nice. Unfortuantely I think the group that would be most enfuriated by this is small and resembles many piggs. The rest of us are to some degree conned by the potential benefits or perhaps have the means and can see how to exploit them.

[NotCranky]

I wonder what is going to happen when it becomes obvious that the industry is applying a bifurcated rate system with the help of the government. One set of rates for people who can get a welfare rate(to protect the lending system) and another of higher rates, later down the road, for people who behaved responsibly and were not overly leveraged at the time the welfare rates were being given out. So the second group waits for the housing market to fall like it should but pay as much monthly as the welfare cases anyway because of higher rates with no guaranty of when they will come down again. Nice. Unfortuantely I think the group that would be most enfuriated by this is small and resembles many piggs. The rest of us are to some degree conned by the potential benefits or perhaps have the means and can see how to exploit them.

[Author]

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