Mercnbeth
Posts: 11766
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quote:
ORIGINAL: Owner59 I don`t care what it is to cons. It`s good news! lol Funny how neo-conservatives say/think that it`s,.........*everyone else* ,.......who`s out of step with Americans.And tragic... It`s down right Freudian.The "discomfiture",lol, shows....... If you couldn't put a label on a position you'd have nothing to say. No "steps" here just a Democratic party paying off corporate entitlement. Imagining you giggling like a school girl because you're now supporting a policy of corporate welfare has made my Sunday evening. Who would have imagined you - an advocate for the Republican's and specifically President Bush's economic policies! What of 'Transparency? What of 'Zero Ear Mark'? Giggling away at your integrity is a worthless pastime. Where is your party? Following prior policy of economic stimulus, rewarding those who fail, disenfranchising any entity or individual inclined to invest, and bankrupting the next generation. quote:
If AIG fails, Joe's Insturance isn't going to step up to take up the slack. In the banking system crashes and burns, new banks aren't going to suddenly spring up to provide a meaningful alternative. In short, there is no way of letting those who deserve to sink at this moment go down without going down with them You set up a self fulfilling prophecy and then refuse to allow an alternative? Why "no way"? You're say so? The Administration's? Again, setting up a self fulfilling prophecy. You have mismanagement exhibited by policies working at cross purpose. The Banks, and individuals, need home values to stabilize; hoping they'll increase. It would be to everyone's benefit including the US taxpayers who now own a large chuck of these entities. Now you have the US Government, authorized by this Administration, to 're-evaluate' on the fly and devalue property in an effort of 'good intent' to keep people in their homes. Except by devaluing one house you devalue the neighborhood. Granted the target Fanny & Freddie deals are not a majority; however, one per a couple blocks - has the same effect. The result is, devaluation, not stabilization and working from less than depressed value on the books of the home owner, and the mortgage holder. Good policy, showing forethought? There is enough capital on strike to fill the void if the bail out targets failed. That statement is as valid as saying there is no alternative than supporting, and giving money to failure. The difference is, the people and institutions with capital - didn't fail. They managed to survive, and or thrive while the AIG's were floundering. I propose it would be money better spent supporting the successes endeavors.
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