1 posted on
08/15/2007 6:11:22 PM PDT by
Kaslin
To: Kaslin
...a government bailout would only make matters worse. Which is exactly what happened at the beginning of the Great Depression
2 posted on
08/15/2007 6:16:08 PM PDT by
ElkGroveDan
(When toilet paper is a luxury, you have achieved communism.)
To: Kaslin
Amen. A big financial risk can mean a large profit or a large loss. You better be ready for both.
I was waiting for those subprime loan sharks to go belly up and I'm in no hurry to save their rears.
3 posted on
08/15/2007 6:17:23 PM PDT by
inkling
(exurbanleague.com)
To: Kaslin
I’m thinking of getting a smaller 2nd home to rent out till retirement, is this a good time to get something cheap?
5 posted on
08/15/2007 6:18:59 PM PDT by
Son House
($$Proud Memeber of Vast Right Wing, Out To Lower Your Tax Rates For More Opportunities.$$)
To: Kaslin
Dick Armey is looking at this with blinders on. He only sees the statistics of how many subprime loans are in default. That shouldn't be a problem. But when it's combined with central banks around the world holding back liquidity for over a year, it's a problem.
If he really wants to make a case for the markets to work, he should be criticizing the central banks.
7 posted on
08/15/2007 6:19:13 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Kaslin
On the campaign trail, Sen. Hillary Clinton has already proposed a $2 billion federal intervention, and went as far as to actually propose the federal government build more rental housing.
That we are reading about a "subprime mortgage problem" is directly attributable to Hillary Clinton's campaign for the Presidency. The problem is a minor one that the market would otherwise correct quickly and with little harm to investors. But, amplified by Clinton's minions in leftist media and finance, the "crisis" is being orchestrated to provide an "it's the economy, stupid" issue for Hillary.
10 posted on
08/15/2007 6:24:16 PM PDT by
advance_copy
(Stand for life, or nothing at all)
To: Kaslin
I am a Masonry Contractor and there is very little work lining up for the fall rush. Last year we had more calls than we had time to work the jobs in.
Banks and Mortgage brokers got greedy and now everyone will pay the price. If it goes like the 1929 Stock Market crash and the subsequent run on banks for cash we are in big trouble. When companies and people cannot get loans to operate on they have to use reserves of cash to operate. That further limits the amount of money floating around in the economy for job creation and business expansion.
Government is not the answer to the problem but they will come to the rescue in their famous, inept, unorganized super flop costume.
I think this winter is going to be very bad for a lot of people, and businesses. We have already cut way back, laid off help, and tried to cut expenses as much as possible.
I see very bad times coming and nobody can show me anything positive to change my mind.
17 posted on
08/15/2007 6:37:51 PM PDT by
o_zarkman44
(No Bull in 08!)
To: Kaslin
...a government bailout would only make matters worse. His father bailed out the Savings & Loan industry, the son will bail out the mortgage industry. I've no doubt he has too many friends who will loose too much money if he doesn't.
46 posted on
08/16/2007 4:33:07 AM PDT by
Non-Sequitur
(Save Fredericksburg. Support CVBT.)
To: Kaslin
"When you go beyond the demagoguery and look at the economics, it is clear the mortgage market is correcting itself and that a government bailout would only make matters worse."Amen! It is the government that pushed the lending envelope in the first place. Their thrust was to "encourage" lenders to lend based on racial quotas rather than the size of the down payment and the credit-worthiness of the customer. A recipe for disaster.
49 posted on
08/16/2007 8:01:20 AM PDT by
meyer
(It's the entitlements, stupid!)
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