Forum Replies Created
-
AuthorPosts
-
September 30, 2008 at 4:09 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278259September 30, 2008 at 4:09 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278522
patientlywaiting
Participant[quote=esmith]Ok, there’s no bailout.
Where’s my 4000-point drop??[/quote]
Yeah, where’s my 4000 point drop.
Why can the gov’t not recapitalize the banks through equity purchases rather than a money give-away?
Answer: that would dilute the ownership interests of existing shareholders.
So the banks want a bailout but they want us to pay for it.
September 30, 2008 at 4:09 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278535Participant[quote=esmith]Ok, there’s no bailout.
Where’s my 4000-point drop??[/quote]
Yeah, where’s my 4000 point drop.
Why can the gov’t not recapitalize the banks through equity purchases rather than a money give-away?
Answer: that would dilute the ownership interests of existing shareholders.
So the banks want a bailout but they want us to pay for it.
September 30, 2008 at 4:09 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278572Participant[quote=esmith]Ok, there’s no bailout.
Where’s my 4000-point drop??[/quote]
Yeah, where’s my 4000 point drop.
Why can the gov’t not recapitalize the banks through equity purchases rather than a money give-away?
Answer: that would dilute the ownership interests of existing shareholders.
So the banks want a bailout but they want us to pay for it.
September 30, 2008 at 4:09 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278586Participant[quote=esmith]Ok, there’s no bailout.
Where’s my 4000-point drop??[/quote]
Yeah, where’s my 4000 point drop.
Why can the gov’t not recapitalize the banks through equity purchases rather than a money give-away?
Answer: that would dilute the ownership interests of existing shareholders.
So the banks want a bailout but they want us to pay for it.
September 30, 2008 at 4:06 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278244Participant[quote=peterb]MSM is not to be trusted at all. Look at their track record. Just a series of lies.[/quote]
Reporters the likes of Steven Pearlstein (Washington Post) and Al Hunt (Bloomberg) are beholden to Wall Street. You can’t trust them.
September 30, 2008 at 4:06 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278508Participant[quote=peterb]MSM is not to be trusted at all. Look at their track record. Just a series of lies.[/quote]
Reporters the likes of Steven Pearlstein (Washington Post) and Al Hunt (Bloomberg) are beholden to Wall Street. You can’t trust them.
September 30, 2008 at 4:06 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278520Participant[quote=peterb]MSM is not to be trusted at all. Look at their track record. Just a series of lies.[/quote]
Reporters the likes of Steven Pearlstein (Washington Post) and Al Hunt (Bloomberg) are beholden to Wall Street. You can’t trust them.
September 30, 2008 at 4:06 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278557Participant[quote=peterb]MSM is not to be trusted at all. Look at their track record. Just a series of lies.[/quote]
Reporters the likes of Steven Pearlstein (Washington Post) and Al Hunt (Bloomberg) are beholden to Wall Street. You can’t trust them.
September 30, 2008 at 4:06 PM in reply to: Bush administration sees 4000-point drop in DOW this week if no bailout #278571Participant[quote=peterb]MSM is not to be trusted at all. Look at their track record. Just a series of lies.[/quote]
Reporters the likes of Steven Pearlstein (Washington Post) and Al Hunt (Bloomberg) are beholden to Wall Street. You can’t trust them.
September 29, 2008 at 8:08 PM in reply to: Off Topic Clip of Peloski’s speech that cratered deal. She should resign. #277889Participant[quote=jficquette]
Its funny how all this started to accelerate right after they raised the limits on what the GSE’s could buy. Congress was pushing them to buy more and more. What’s also funny was in 2003 you had the idea of cutting them back, in 2007 you force them to expand and in 2008 you buy them.
[/quote]
Just one year ago we were talking about loan limits that the GSEs could buy, or FHA could insure. Some here, including Realtors, argued that such gimmicks would put a floor under home prices.
Democrats supported raising of the loan limits and expanded the GSEs. Big mistake.
BTW, I’m dead set against housing subsidies (mortgage tax deductions, bailouts, etc..) as I believe that the market just prices the benefits into houses, thus canceling the benefits. Thus the subsidies help the industry but no home buyers.
I think that best way to make housing affordable for average Americans is to phase-out the mortgage interest deduction and other tax benefits. That would reduce house prices and raise revenues to help pay for our deficit.
September 29, 2008 at 8:08 PM in reply to: Off Topic Clip of Peloski’s speech that cratered deal. She should resign. #278152Participant[quote=jficquette]
Its funny how all this started to accelerate right after they raised the limits on what the GSE’s could buy. Congress was pushing them to buy more and more. What’s also funny was in 2003 you had the idea of cutting them back, in 2007 you force them to expand and in 2008 you buy them.
[/quote]
Just one year ago we were talking about loan limits that the GSEs could buy, or FHA could insure. Some here, including Realtors, argued that such gimmicks would put a floor under home prices.
Democrats supported raising of the loan limits and expanded the GSEs. Big mistake.
BTW, I’m dead set against housing subsidies (mortgage tax deductions, bailouts, etc..) as I believe that the market just prices the benefits into houses, thus canceling the benefits. Thus the subsidies help the industry but no home buyers.
I think that best way to make housing affordable for average Americans is to phase-out the mortgage interest deduction and other tax benefits. That would reduce house prices and raise revenues to help pay for our deficit.
September 29, 2008 at 8:08 PM in reply to: Off Topic Clip of Peloski’s speech that cratered deal. She should resign. #278166Participant[quote=jficquette]
Its funny how all this started to accelerate right after they raised the limits on what the GSE’s could buy. Congress was pushing them to buy more and more. What’s also funny was in 2003 you had the idea of cutting them back, in 2007 you force them to expand and in 2008 you buy them.
[/quote]
Just one year ago we were talking about loan limits that the GSEs could buy, or FHA could insure. Some here, including Realtors, argued that such gimmicks would put a floor under home prices.
Democrats supported raising of the loan limits and expanded the GSEs. Big mistake.
BTW, I’m dead set against housing subsidies (mortgage tax deductions, bailouts, etc..) as I believe that the market just prices the benefits into houses, thus canceling the benefits. Thus the subsidies help the industry but no home buyers.
I think that best way to make housing affordable for average Americans is to phase-out the mortgage interest deduction and other tax benefits. That would reduce house prices and raise revenues to help pay for our deficit.
September 29, 2008 at 8:08 PM in reply to: Off Topic Clip of Peloski’s speech that cratered deal. She should resign. #278203Participant[quote=jficquette]
Its funny how all this started to accelerate right after they raised the limits on what the GSE’s could buy. Congress was pushing them to buy more and more. What’s also funny was in 2003 you had the idea of cutting them back, in 2007 you force them to expand and in 2008 you buy them.
[/quote]
Just one year ago we were talking about loan limits that the GSEs could buy, or FHA could insure. Some here, including Realtors, argued that such gimmicks would put a floor under home prices.
Democrats supported raising of the loan limits and expanded the GSEs. Big mistake.
BTW, I’m dead set against housing subsidies (mortgage tax deductions, bailouts, etc..) as I believe that the market just prices the benefits into houses, thus canceling the benefits. Thus the subsidies help the industry but no home buyers.
I think that best way to make housing affordable for average Americans is to phase-out the mortgage interest deduction and other tax benefits. That would reduce house prices and raise revenues to help pay for our deficit.
September 29, 2008 at 8:08 PM in reply to: Off Topic Clip of Peloski’s speech that cratered deal. She should resign. #278215Participant[quote=jficquette]
Its funny how all this started to accelerate right after they raised the limits on what the GSE’s could buy. Congress was pushing them to buy more and more. What’s also funny was in 2003 you had the idea of cutting them back, in 2007 you force them to expand and in 2008 you buy them.
[/quote]
Just one year ago we were talking about loan limits that the GSEs could buy, or FHA could insure. Some here, including Realtors, argued that such gimmicks would put a floor under home prices.
Democrats supported raising of the loan limits and expanded the GSEs. Big mistake.
BTW, I’m dead set against housing subsidies (mortgage tax deductions, bailouts, etc..) as I believe that the market just prices the benefits into houses, thus canceling the benefits. Thus the subsidies help the industry but no home buyers.
I think that best way to make housing affordable for average Americans is to phase-out the mortgage interest deduction and other tax benefits. That would reduce house prices and raise revenues to help pay for our deficit.
-
AuthorPosts
