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Politics : MITT ROMNEY -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (1784)	2/14/2008 2:04:40 PM
From: Augustus Gloop	Respond to of 5586

Thats not a good analogy IMO. Here's what I believe is an analogy that works (keep in mind Fed funds were down in the 1% range) Just because you have the potential to get loan shark returns from a frothy, blow-off top in housing doesn't justify abandoning generally accepted loan practices and qualifications. As far as the banks and a bailout go - we almost have no other choice. The ramifications of major bank failures is unthinkable. You and I both know, regardless of what we believe from an ideological standpoint, that the Govt is going to step in. They already are. Don't think for 1 minute that the reason for fed funds being at 3% (currently - and probably going lower) isn't in large part to avert a disaster in housing