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Home > General > The Cantina > don't worry, i'll pay for it [Politics/Religion]

don't worry, i'll pay for it [Politics/Religion]

 
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birdymaker
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don't worry, i'll pay for it [Politics/Religion]
« on: April 23, 2008, 06:16:37 AM »
 Sad http://www.msnbc.msn.com/id/24269007

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As the subprime fallout grows, the idea of a public bailout isn't sounding as far-fetched as it once did.

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In an interview with The Wall Street Journal last month, Senator Hillary Clinton, a candidate for the U.S. Democratic presidential nomination, said the U.S. government should be ready to buy troubled mortgages from investors and avoid a prolonged slowdown.
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
Spanky
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #1 on: April 23, 2008, 07:10:40 AM »
So they all become government housing?

ooooh, shivers just went up my spine, visions of boot camp came back.
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Spartan
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #2 on: April 23, 2008, 08:07:20 AM »
Like you, I'm not in favor of using government funds to bailout investors or homeowners, will we really be paying for it?  Will taxes be raised to cover this?  I doubt it.

We've made a conscious decision not to be house rich and cash poor.  I have very little sympathy for those that bought more house than they can afford.
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Aske
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #3 on: April 23, 2008, 08:17:50 AM »
well, better than the purely  "privatize the profits, socialize the losses." ethos we've had over the last 8 years
 
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
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Fuzzy
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #4 on: April 23, 2008, 08:40:51 AM »
Quote from: Spartan on April 23, 2008, 08:07:20 AM
Like you, I'm not in favor of using government funds to bailout investors or homeowners, will we really be paying for it?  Will taxes be raised to cover this?  I doubt it.

We've made a conscious decision not to be house rich and cash poor. I have very little sympathy for those that bought more house than they can afford.

Ditto.

Any bail out rewards bad behavior (*both sides of the table - I've made my opinion known before). I'll reserve judgement on Hillary's comment until I see her plan. I do wish people who actually do things the way they should could get a tax credit for having a mortgage they can afford and being  fiscally intelligent (i.e. savings, retirement, etc.). A reverse bail out if you will.  Smiley

Maybe if good behavior was rewarded once in a while??
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birdymaker
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #5 on: April 23, 2008, 09:27:15 AM »
Quote from: Fuzzy on April 23, 2008, 08:40:51 AM

Maybe if good behavior was rewarded once in a while??

lol
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Clive
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Re: don't worry, i'll pay for it [Politics/Religion]
« Reply #6 on: April 23, 2008, 11:14:25 AM »
Quote from: Fuzzy on April 23, 2008, 08:40:51 AM
Maybe if good behavior was rewarded once in a while??
But there are so many victims ...


We're all going to be paying for it not in taxes, but in the price of everything that financing touches.  Personal or commercial.
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