Another person ( i forgot said that " if the government buys all the mortgages he heard alot of people would stop paying them anymore and line up for a better rate and lower principle because every mortgage holder is a voter and would never be thrown out and that would kill the bailout.
With regards to the commies
How many billions do Red China investors have to lose until we're even with them for stealing our intellectual property? DVDs, CDs, literature, technology and anything of value have been stolen openly and without apologies. Even the WTO cannot stop it.
Forget the DC follies. What will be will be (sounds like a bad song). The Congress will screw us sure as the sun will rise. When it comes time to fix the mess, they will pander, give taxpayer goodies to special interests, double the inflation rare and make sure any profits go back to Congress to spend instead of paying off the debt they are abotu to create. The size of government will vastly increase, power will grow, taxes will rise, and the average citizen who actually is expected to pay for this mess will be screwed.
This is preordained...this is Congress. It is what they do.
Bears poop in the woods and Congress poops on the taxpayer.
No, look to the EU. Two BIG banks are in the process of failing and will go down any day...The UK’s B&B mortgage bank and Belgium’s Fortis.