SI
SI
discoversearch

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 : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (69778)8/1/2009 1:45:12 AM
From: calgal  Read Replies (1) | Respond to of 224717
 
and cash for clunker is a dud program



To: Jorj X Mckie who wrote (69778)8/1/2009 8:28:36 AM
From: Little Joe  Respond to of 224717
 
Excellent point and something we need to constantly point out. In the end the regulators failed as they always seemed to do.

lj



To: Jorj X Mckie who wrote (69778)8/1/2009 8:43:11 AM
From: TideGlider3 Recommendations  Read Replies (5) | Respond to of 224717
 
People who bought homes they couldn't afford knew they were lying on the application and deserve to lose the home. People who bought two or more hoping to flip them also deserve losing their homes and credit.



To: Jorj X Mckie who wrote (69778)8/3/2009 1:52:47 AM
From: RMF  Respond to of 224717
 
I was talking about a potential 10 million "more" foreclosures.

If they had just let Chrysler and GM go under that would have taken their suppliers down with them along with all the peripheral companies supported by them.

That would have brought another 100 banks down and since we were going with capitalism it would have meant that the AIG's and the real Big Boys would have folded too.

I HATE these bailouts but I think I might like the alternative less.