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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (370071)	2/5/2008 8:23:28 PM
From: tejek	Read Replies (1) \| Respond to of 1578291

I'm not suggesting that they be rounded up an executed because they lied on their applications, I understand the reasons for doing so, and I would say they are evil people because they did it, but I wouldn't bail them out now. They got temporary use of a house they can't afford by lying, now you want to give them permanent use of the house?? I am not saying bail them out; rather I am saying lower the interest rate on their ARM resets so they can continue to make their payments. I am hoping the lowering of the fed rate will do most of the work in getting those resets down. In 5-10 years, those prices will seem cheap The peak prices? In real terms? Not in most of the inflated markets. The major markets where the bubble, as you call it, took place are in FLA, CA, NV and maybe AZ. What has changed that will make those markets less desirable in the future. If they remain as desirable as I expect they will, then in ten years, last year's prices will look cheap.