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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John McCarthy who wrote (68377)8/31/2007 7:20:32 PM
From: Incitatus  Read Replies (2) of 116555
 
My point is that it's possible to create bailouts where the homeowner benefits but the lender still gets porked. Those are the only kinds of bailouts that I would support. Although I've been renting since 2004, waiting to repurchase, and I'd be "hurt" by a homeowner bailout, I'd support it as long as ONLY the little guy is helped.

But no, it will never happen. Bush, Congress and Wall Street only care about the uber-rich.
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