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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (297598)3/22/2009 9:00:35 AM
From: LindyBill3 Recommendations  Read Replies (2) of 793957
 
These things do not happen today. They develop over time.

You know what Keynes said. "In the long run........" :>)

I came after you and Unk because I felt both of you are too "doom and gloom" right now. We are all in agreement that Obama and his boys are leading us down the garden path.

But we are all off in the "La La Land" of fiat money and assets, where nobody knows what will happen. I very much hope that part of the proposed bank solution is to allow the banks to go to some sort of "mark to model" on these sausage loans. It would be well to explore allowing people to hand over the keys of homes they are upside down on and let both themselves and the banks off the hook of foreclosure.
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