Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CitizenUSA
A bunch of people foolishly invested in high risk, sub prime mortgages. They loaned money to people who should have never qualified for credit in the first place. Now, those lenders are going to be taught a lesson...

Do you really believe that? I don't. I believe there will be a finacial bailout if not at the federal level then at some states. What they did was not illegal so they won't go to prison. Our tax dollars will be used to bail them out (read; buy votes).

When it comes to our society today it's all about making a buck today. I am almost sorry I had children. With the politicos encouraging an invasion of uskilled labor, the rape of our tax money for private investment benefits, the lack of honesty that is pervasive in elected officials and the incredible apathy of the American people it's sad.

8 posted on 08/17/2007 3:50:00 AM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: raybbr

Captitalism has always included risk... and it is Socialism to pay for others legal/financial mistakes... Hands off... do not reward bad business practices... and this was bad for business in the long run. Let the market forces level things. The Markets will rebound again and those that sit tight will come out fine. Those that panic now, risk all.

LLS


10 posted on 08/17/2007 4:37:26 AM PDT by LibLieSlayer (Support America, Kill terrorists, Destroy dims!)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson