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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (8174)	8/26/2007 7:28:19 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

in the interest of moral hazard, i don't think it is EVER in 'our' interests to bail out people making bad choices this idea of 'punishing' people is way off the wall investors get 'punished' when they make bad investment decisions...i've been punished a few times myself <g> point is you take your lumps and move on....mitigating home loans for lax lenders and incompetent borrowers is THEIR problem....it is not the taxpayer's responsibility to relieve the parties of their decision to take on an unsustainable level of debt seriously, you had better hope that pandering populist politicians (how's that for alliteration <vbg>) do not get their way when it comes to billion dollar bailouts of lenders...doing so will just pave the way for more of the same....and worse btw... go to the RE Crash Thread for more in depth analysis....i think the best we can do as individual and investors is find strategies to profit from the continuing and impending RE correction....imo, the potential for real wealth creation lies in positioning oneself accordingly (much easier assuming politicians don't get in the way<gg>)...this is potentially a once in a lifetime opportunity for building wealth.