SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (30550)4/5/2008 12:53:30 PM
From: Madharry  Read Replies (1) of 78704
 
I am apalled by what I am hearing about some of the bailout. One of the items is a tax credit for people buying houses in foreclure not only does that seems completely discriminatory but may encourage people to go into foreclosure deliberating as there increased incentive to default on ones own mortage let it go into foreclosure and perhaps repurchase the property from the bank. If I am a home owner trying to sell my house I am going to be absolutely livid at well heeled banks given a further advantage over me. I m also seeing comments about a government bailout of the banks in the works. I would rather see the fdic take over banks then the taxpayer or government pay billions of dollars to keep incompetent greedy managment in place and/or pay lifetime perks to these jerks. It was not rocket science to figure out that giving people zero down mortgages was going to lead to a bubble, contribute to overbuilding and then ultimately stick someone with the tab when prices declined. Can we find competent leadership somewhere?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News