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.

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

To: Tenchusatsu who wrote (458820)	2/23/2009 2:33:23 PM
From: combjelly	Read Replies (1) \| Respond to of 1573959

"They'll jump into homes they can't afford with unfavorable loan terms, knowing that later on they can always count on the government to bail them out." That would be pretty dumb. This is only happening because there is a current crisis. Betting that another one would occur just as your loan is in trouble is more than a little foolish.

To: Tenchusatsu who wrote (458820)	2/23/2009 4:20:01 PM
From: tejek	Read Replies (1) \| Respond to of 1573959

Ted, one of the most obvious moral risks is how future homebuyers will get loans. They'll jump into homes they can't afford with unfavorable loan terms, knowing that later on they can always count on the government to bail them out. You seem to think that simply forcing the interest rate down comes for free. There is no free lunch. Does your world view ever take into consideration that people can have a reversal of fortunes? Many people had no idea things would get this bad......its never been this bad in a long time. Does every person who has a car accident get blamed for getting into their car that day even if they were not at fault? I mean.....where does all this moral judgement and punishment stop with you?