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To: AliVeritas; fortheDeclaration
Past time to privatize...

Why?

The alternative will be the govt. taking over home lending by being the only secondary market for banks to recapitalize. The plans involving the govt. buying the securities can't guarantee that the banks will start buying these securities in the future.

Banks operate with a herd mentality. They are all afraid to buy these securities and will pull back on credit lending. IOW, buying these securities will not guarantee any loosening of the credit markets.

50 posted on 10/01/2008 5:31:37 AM PDT by wmfights (Believe - THE GOSPEL - and be saved)
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To: wmfights
The alternative will be the govt. taking over home lending by being the only secondary market for banks to recapitalize. The plans involving the govt. buying the securities can't guarantee that the banks will start buying these securities in the future. Banks operate with a herd mentality. They are all afraid to buy these securities and will pull back on credit lending. IOW, buying these securities will not guarantee any loosening of the credit markets.

People extend credit to make money.

And when people's credit is good, they will get credit.

Too much bad credit has been extended (with the Gov't interfering) and we are paying for it.

Credit isn't a right!

69 posted on 10/01/2008 1:13:05 PM PDT by fortheDeclaration ('we don't make compromises-we make Marines')
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