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patientrenter
ParticipantKev,
Thanks for calling New FNMA for your home purchase needs. You want to buy that $1.2 million house? What’s standing in your way? Downpayment? No problem, we have this new no-downpayment plan, the Paulson Put Plan. Next issue. Payments too high? No problem, we have a new low early payment plan, the Bernanke No Depression Ever Again Plan. We can layer them together for you.
What’s holding you back? If house prices go up, you win. If house prices go down, you don’t lose.
Of course house prices will be higher than they would otherwise be with this bailout plan and all the control it gives Barney Frank and Chris Dodd and Chuck Schumer and others. You already knew that.
ParticipantKev,
Thanks for calling New FNMA for your home purchase needs. You want to buy that $1.2 million house? What’s standing in your way? Downpayment? No problem, we have this new no-downpayment plan, the Paulson Put Plan. Next issue. Payments too high? No problem, we have a new low early payment plan, the Bernanke No Depression Ever Again Plan. We can layer them together for you.
What’s holding you back? If house prices go up, you win. If house prices go down, you don’t lose.
Of course house prices will be higher than they would otherwise be with this bailout plan and all the control it gives Barney Frank and Chris Dodd and Chuck Schumer and others. You already knew that.
ParticipantKev,
Thanks for calling New FNMA for your home purchase needs. You want to buy that $1.2 million house? What’s standing in your way? Downpayment? No problem, we have this new no-downpayment plan, the Paulson Put Plan. Next issue. Payments too high? No problem, we have a new low early payment plan, the Bernanke No Depression Ever Again Plan. We can layer them together for you.
What’s holding you back? If house prices go up, you win. If house prices go down, you don’t lose.
Of course house prices will be higher than they would otherwise be with this bailout plan and all the control it gives Barney Frank and Chris Dodd and Chuck Schumer and others. You already knew that.
ParticipantHLS: “Although we all expect FDIC to step up to the plate the next business day to offer coverage to a failed bank, this just may not be possible if it is a large bank.”
In my opinion, there is negligible risk in relying on FDIC insurance coverage (up to the insured limits). Even if all the banks went belly-up, Congress would direct enough money to be printed to cover all the FDIC insured liabilities to depositors. I am sure of it. If you’re not sure, just look at what Chris Dodd and Barney Frank and Chuck Schumer are doing for politically powerful homeowners that had no insurance.
Patient renter in OC
ParticipantHLS: “Although we all expect FDIC to step up to the plate the next business day to offer coverage to a failed bank, this just may not be possible if it is a large bank.”
In my opinion, there is negligible risk in relying on FDIC insurance coverage (up to the insured limits). Even if all the banks went belly-up, Congress would direct enough money to be printed to cover all the FDIC insured liabilities to depositors. I am sure of it. If you’re not sure, just look at what Chris Dodd and Barney Frank and Chuck Schumer are doing for politically powerful homeowners that had no insurance.
Patient renter in OC
ParticipantHLS: “Although we all expect FDIC to step up to the plate the next business day to offer coverage to a failed bank, this just may not be possible if it is a large bank.”
In my opinion, there is negligible risk in relying on FDIC insurance coverage (up to the insured limits). Even if all the banks went belly-up, Congress would direct enough money to be printed to cover all the FDIC insured liabilities to depositors. I am sure of it. If you’re not sure, just look at what Chris Dodd and Barney Frank and Chuck Schumer are doing for politically powerful homeowners that had no insurance.
Patient renter in OC
ParticipantHLS: “Although we all expect FDIC to step up to the plate the next business day to offer coverage to a failed bank, this just may not be possible if it is a large bank.”
In my opinion, there is negligible risk in relying on FDIC insurance coverage (up to the insured limits). Even if all the banks went belly-up, Congress would direct enough money to be printed to cover all the FDIC insured liabilities to depositors. I am sure of it. If you’re not sure, just look at what Chris Dodd and Barney Frank and Chuck Schumer are doing for politically powerful homeowners that had no insurance.
Patient renter in OC
ParticipantHLS: “Although we all expect FDIC to step up to the plate the next business day to offer coverage to a failed bank, this just may not be possible if it is a large bank.”
In my opinion, there is negligible risk in relying on FDIC insurance coverage (up to the insured limits). Even if all the banks went belly-up, Congress would direct enough money to be printed to cover all the FDIC insured liabilities to depositors. I am sure of it. If you’re not sure, just look at what Chris Dodd and Barney Frank and Chuck Schumer are doing for politically powerful homeowners that had no insurance.
Patient renter in OC
ParticipantThere are very few people who end up homeless at 67 who got there after making nothing but financially prudent choices their whole lives. I’d need to hear her whole life story, and from more than one source, before I’d swallow that line.
And if you make some financially imprudent choices, then you pay the price. You stack up good choices like crazy all your life to try to offset the occasional bad luck or bad choice. That’s the way the world works. Ignoring that is like trying to ignore gravity – it doesn’t work out.
Patient renter in OC
ParticipantThere are very few people who end up homeless at 67 who got there after making nothing but financially prudent choices their whole lives. I’d need to hear her whole life story, and from more than one source, before I’d swallow that line.
And if you make some financially imprudent choices, then you pay the price. You stack up good choices like crazy all your life to try to offset the occasional bad luck or bad choice. That’s the way the world works. Ignoring that is like trying to ignore gravity – it doesn’t work out.
Patient renter in OC
ParticipantThere are very few people who end up homeless at 67 who got there after making nothing but financially prudent choices their whole lives. I’d need to hear her whole life story, and from more than one source, before I’d swallow that line.
And if you make some financially imprudent choices, then you pay the price. You stack up good choices like crazy all your life to try to offset the occasional bad luck or bad choice. That’s the way the world works. Ignoring that is like trying to ignore gravity – it doesn’t work out.
Patient renter in OC
ParticipantThere are very few people who end up homeless at 67 who got there after making nothing but financially prudent choices their whole lives. I’d need to hear her whole life story, and from more than one source, before I’d swallow that line.
And if you make some financially imprudent choices, then you pay the price. You stack up good choices like crazy all your life to try to offset the occasional bad luck or bad choice. That’s the way the world works. Ignoring that is like trying to ignore gravity – it doesn’t work out.
Patient renter in OC
ParticipantThere are very few people who end up homeless at 67 who got there after making nothing but financially prudent choices their whole lives. I’d need to hear her whole life story, and from more than one source, before I’d swallow that line.
And if you make some financially imprudent choices, then you pay the price. You stack up good choices like crazy all your life to try to offset the occasional bad luck or bad choice. That’s the way the world works. Ignoring that is like trying to ignore gravity – it doesn’t work out.
Patient renter in OC
ParticipantLuckily for the realtors, they have Chris Dodd to make sure the money guaranteed by the US taxpayer continues to flow unabated into homeowners’ pockets.
Patient renter in OC
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