Paulson Plan: Lazs style socialism at its worst

[bongaroo]

I agree but what about all this talk of needing "experienced" leaders?  Wouldn't a fresh group have none!  Oh noes!

 

[Hangtime]

Obviously you haven't kept track of the last 8 years. Must of had your head in the sand again.

really?

wow.

had no idea.

I musta been busy cleaning the guns your liberal socialist agenda wants me to keep, and missed the news.

[Hangtime]

I agree but what about all this talk of needing "experienced" leaders?  Wouldn't a fresh group have none!  Oh noes!

 

ok if we can agree on cleaning the hill up, how do we get it done?

and, I'm sure you'd agree an honest veterinarian or day care worker would be an improvement over a crooked politician.

[bongaroo]

Oh hells yeah!

As far as cleaning up the hill, I'm mostly voting for independents.  Unfortunately I'm sure someone will come along to insult me and say I'm throwing my vote away shortly

[Yeager]

Yup.  Greed and deregulation.

Yes.  

[john9001]

the govt is buying non-liquid assets, some time in the future the govt can sell the assets.

BTW, obama is in favor of the "bailout".

[bongaroo]

It's buying worthless assests.  It's a bailout dude.

[john9001]

they are buying defaulted mortgages, the mortgages are on houses, houses/land are not worth nothing.

[bongaroo]

They were horrendously overvalued and are now worth diddly comparatively.  It's taxpayer money buying bad debt.

The lenders/bankers all looked at each other and said "bail!"

Don't try to sugarcoat it.

[Dos Equis]

ok if we can agree on cleaning the hill up, how do we get it done?

Re-Regulation. Separation of duties. Remove unitary executive powers. No more talk of line-item veto power.

Oh, and a complete overhaul of how the SEC is run. Bush eviscerated it, time to restore it.

[WilldCrd]

ok if we can agree on cleaning the hill up, how do we get it done?

Nuke the site from space....its the only way to be sure 

[lazs2]

Ok.. since it was me that you wanted to hear from dos equality......

I was never for the klinton plan of "a home for everyone no matter if they can afford it or not"

I have no problem with deregulation so long as monopoly and unfair business practice is not part of it.

The housing market and the fact that the feds forced loan companies to loan to "low income" and "minority" is the reason for all this mess... It offered loopholes to the scumbags and forced bad loans on the companies.. 

Just as making unatractive "minority" business loans allowed for the scumbags to use a front man minority or woman to run their company on paper and get away with murder..  these low income and minority loans caused this mess.

regulation and meddling caused this NOT deregulation...  I would just as soon see the loan companies go down the tubes over making bad loans but not over loans that were forced on them.

This bailout will hide the real problem.. the fact that you don't loan money to people who can't pay it back and the fact that doing so created an artificial bubble in the market that could do nothing but pop.

I am sure that this is not the answer that you wanted tho dos equality.

The loan companies can say they were forced to make the loans and.. to an extent they were.. but..  at least half of the problem was their own greed...  now.. they know that next time government makes em make a stupid economic blunder in the name of "social justice"....

THEY DON'T HAVE TO WORRY THAT IT IS BAD BUSINESS BECAUSE THE GOVERNMENT WILL BAIL EM OUT.

Stop making them make bad loans any more but also tell them any bad loans they make they will be on their own.



lazs

[bongaroo]

Re-Regulation. Separation of duties. Remove unitary executive powers. No more talk of line-item veto power.

Oh, and a complete overhaul of how the SEC is run. Bush eviscerated it, time to restore it.

BAM!  This is a good start.  I am uneducated on how the SEC has been neutered though.  Mind explaining?

[bongaroo]

The housing market and the fact that the feds forced loan companies to loan to "low income" and "minority" is the reason for all this mess... It offered loopholes to the scumbags and forced bad loans on the companies.. 

Just as making unatractive "minority" business loans allowed for the scumbags to use a front man minority or woman to run their company on paper and get away with murder..  these low income and minority loans caused this mess.

Bam!  I knew he'd blame it on minorities. 

[Toad]

Marketwatch: "Speaking Friday in Miami, Fla., Obama said he fully supported the U.S. plan but also outlined what he said are needed additional steps to help families cope with rising gasoline and food prices and avoid foreclosures. "