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kev374
ParticipantBill Gross guy is saying its not a bailout and the government is going to be making a lot of money on this…on CNBC right now.. can someone explain his statement?
ParticipantBill Gross guy is saying its not a bailout and the government is going to be making a lot of money on this…on CNBC right now.. can someone explain his statement?
ParticipantBill Gross guy is saying its not a bailout and the government is going to be making a lot of money on this…on CNBC right now.. can someone explain his statement?
ParticipantBill Gross guy is saying its not a bailout and the government is going to be making a lot of money on this…on CNBC right now.. can someone explain his statement?
Participant[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
[/quote]You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
Participant[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
[/quote]You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
Participant[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
[/quote]You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
Participant[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
[/quote]You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
Participant[quote=urbanrealtor]I disagree with you on 2 of your points.
1:
I think that bailing out poor or disadvantaged people is a lot of what governments do (and what they are supposed to do). While this is not the capitalist thing to do, it is the democracy-driven thing to do. Oftentimes democracy and capitalism are at odds. Its a big part of the reason that FDR (and Reagan) were re-elected.
[/quote]You are joking right? Poor disadvantaged people who bought big mansions costing 10 times their income on liar loans, extracted home equity to live the high life, those that participated in rampant speculation and of course Wall St. who ran their companies to the ground while making huge commissions and bonuses…sure it’s the government’s job to bail these people out ..sarcasm off..
September 19, 2008 at 10:10 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273000ParticipantI stand corrected. The plan is to acquire REOs as well as Mortgage Backed Securities so it looks like they will have the power to do anything pretty much!
September 19, 2008 at 10:10 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273247ParticipantI stand corrected. The plan is to acquire REOs as well as Mortgage Backed Securities so it looks like they will have the power to do anything pretty much!
September 19, 2008 at 10:10 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273252ParticipantI stand corrected. The plan is to acquire REOs as well as Mortgage Backed Securities so it looks like they will have the power to do anything pretty much!
September 19, 2008 at 10:10 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273293ParticipantI stand corrected. The plan is to acquire REOs as well as Mortgage Backed Securities so it looks like they will have the power to do anything pretty much!
September 19, 2008 at 10:10 PM in reply to: So now the Feds are gonna clear out the Banks REO’s???? #273319ParticipantI stand corrected. The plan is to acquire REOs as well as Mortgage Backed Securities so it looks like they will have the power to do anything pretty much!
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