--- OT ---
Hi LOD,
Re: Eventually, the liquidity that bailed out LTC won't be available if this keeps up.
So perhaps we should go start a hedge fund so we can invest irrationally and know that the government will be there to bail us out.
(Freeus, obviously I'm kidding. ;-)
Seriously, I think people should be responsible for their actions. How does this bailout (or FEMA, for that matter *) encourage that?
Enjoy,
KenB
* FEMA encourages builders to build in danger zones, because they can build there every year and the government (our tax money) pays for the re-construction. Builders who do not take advantage of our tax dollars in this manner will fall behind builders who do -- so thanks to these policies, it's in the builder's best interest to build in danger zones. How's that for warped priorities?
Just thought of a solution: our tax dollars should only pay for houses that have been there for X years (2, 5, 10, not sure) -- that way builders will have incentive to build very sturdy structures there, so they last more than the next hurricane (or other danger) season. And if they can hold up through one season, they'll be much more likely to withstand for years. |
