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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (215335)8/11/2007 1:39:56 PM
From: Steve Lokness  Read Replies (4) of 794009
 
John;

The issue being discussed was the bailout to the mortgage industry. Here is quote from LindyBills post to which I was commenting;

This is more than just "adding liquidity to the system." It is the beginning of the Fed's attempt to bail out the mortgage industry's big players.

The bailout being discussed was not for people about to loose their homes! You changed the subject pretending it was - I think that is dishonest. You also say;

like cramer these people should not lose their homes we got to find a way to help them.

Don't be a fool John, Cramer has absolutely no interest in bailing people out who are in danger of losing their homes. Cramers interest is only in the huge margined hedge funds. That is who was bailed out Thursday and Friday Either you believe in capitalism - or you don't. The monkey's who leveraged their money to hilt on the hope of making absolute insane returns deserve the governments bailout? If you believe in capitalism, of course not. They should lose their shirts just as the homeowners who haven't been bailed out but are losing their homes!

Do you really want the government in the business of being sure the unscrupulous or the biggest gamblers get bailed out - that is what I was commenting on? (The original story posted by LindyBill can be seen at post #215266.)

steve
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