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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (151288)9/27/2008 4:49:30 PM
From: John VosillaRead Replies (3) | Respond to of 306849
 
Why does everybody call this a bailout? It is an investment. The evangelicals in small town America, the working poor in large cities, the small businessman thinks they will be paying taxes up the wazoo for years to bailout Wall Street crooks. This step of investing in assets to eventually be resold is needed in order to stabilize the credit markets and allow folks to continue to live the American dream..Deflationists hoping for depression I guess making their killing in US treasuries will be the only ones left standing coming out of this like Wil Smith in "I am Legend"<gg>