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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (276620)10/25/2008 1:11:11 PM
From: LindyBill5 Recommendations  Read Replies (1) | Respond to of 793903
 
And banks should be prudent - or go out of business. As they do so, healthier banks will buy their assets for pennies on the dollar, the way it should be.

I always end up comparing getting though bad times to getting rid of a bad habit. The old "Skinner Box" experiment proved that the best way to handle stopping something is "cold turkey." But Politicians always want to play "Mommy" to their voters woes. Extend the problem out over a longer period of time to make it "easier" on them. Which just makes it worse.

"Tough Love" is always the best way to go.



To: skinowski who wrote (276620)10/25/2008 2:54:55 PM
From: Geoff Altman1 Recommendation  Read Replies (1) | Respond to of 793903
 
Why not allow prices to go down and find a bottom? From that point, the only way for prices to go will be - up.

I can not fathom why, after this huge bubble in housing, the politicians would refuse to let it deflate. Their interference with better business practises caused this fiasco and their interference will prolong it and make it worse......


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