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


To: bentway who wrote (245571)4/25/2010 9:09:35 PM
From: Jim McMannisRespond to of 306849
 
Who ever said we didn't want them all thrown out?



To: bentway who wrote (245571)4/26/2010 10:45:55 AM
From: Mike M2Read Replies (2) | Respond to of 306849
 
The bailout of AIG under Geithner enabled AIG to pay off CDSs to Goldman Sachs ( $12 billion) . If not for the bailout of AIG Goldman Sachs et.all would have lost billions- This does not look like change to me.



To: bentway who wrote (245571)4/26/2010 6:38:35 PM
From: RetiredNowRead Replies (3) | Respond to of 306849
 
Sure, but the GOP has a good point. $50B for a orderly disposal mechanism for failed banks? That's a joke considering that AIG alone has consumed many times that amount. That is just signal that our government will always be there to step in.

It's the same old darn thing: socialism for the banks who fuck up and free markets for the rest of us who get left holding the bag. I'd prefer we would have let Wall Street crash and burn, rather than spend trillions in propping up the walking dead. I mean why are the folks at GS still making their millions after they put 8 million people out of work?