Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (113343)	11/11/2008 10:35:22 PM
From: ChanceIs	Read Replies (2) \| Respond to of 206138

>>>None of the principal will be forgiven. Loans may be extended for as long as 40 years. Principal that is not paid down can become a ballon payment. Interest rates will be lowered temporarily, but can rise later.<<< That statement (while accurately reflecting the government line) is pablum for the semi educated masses. I called my congressman's office to complain a month ago, and spoke to an aid for about 15 minutes. I asked embarrassing questions like: 1) If the government exposes me to risk, and manages merely to get the principal back, have I really gotten the principal back?? What was I paid for the risk??? 2) I am sure that before you committed to spending $750 bi$$ion you examined at least five other investment alternatives. What were they and what was the internal rate of return?? Sure it would be bad for housing to tank further, but would we want to make matters worse by selecting the poorest return project at which to throw our money??? At that point I started getting canned politico speak in return. I guess I sensed that the conversation wouldn't go much further. I did suggest that the government should pick a nice round number - say 500 - of mid/senior level Wall Street managers to incarcerate. I think that played well.