[Thrusher]

We're domed!

Well, technically, we're undomed, but you get my point.

[RKBA Democrat]

The steady drumbeat for a taxpayer funded bailout of garbage mortgages continues.

There must be a bailout or there’ll be: Panic! Meltdown! Loss of executive bonuses! Plagues of Boils! Showers of newts!

Those on AFDC have nothing on the financiers. They’re the *real* corporate welfare queens.

[L,TOWM]

“Before the credit crisis is over [we] expect the federal mortgage agencies to be formally nationalised . . . The explicit commitment will be demanded by the market to forestall a full-scale panic.”

Panic all you want to, buddy. FNMA and FHLMC are not going to be integrated into the Federal Government. Wall Street makes too much $$$ on packaging the loans that fannie and freddy buy from the lenders and selling it to you.

The firms have the best of both worlds now and they will not give it up.

[Robert357]

Several world central banks have already figured out the bail-out.

Many different central banks and sovereign funds will purchase highly risky mortgage based securities from banks, and investment banks. The US Fed will encourage a strong inflationary trend, making the the value of "hard goods" worth more. The Fed will also prime the pump and get the US economy moving. This will ultimately make the printed value of the homes worth more reducing the "risk" to those central banks holding the paper security. These central banks will be paid back with cheaper dollars, but the default losses will have been avoided by the privileged few.

The folks that are going to suffer are the regular investors and people that inflation always hurts.