"Wall Street and Washington share bailout idea"

Collarspace Discussion Forums

Home Login Search

"Wall Street and Washington share bailout idea"

View related threads: (in this forum | in all forums)

Logged in as: Guest

All Forums >> [Casual Banter] >> Off the Grid >> "Wall Street and Washington share bailout idea"

Page: [1]

Message

<< Older Topic Newer Topic >>

"Wall Street and Washington share bailout idea" - 3/13/2008 4:58:36 PM

Vendaval

Posts: 10297
Joined: 1/15/2005
Status: offline

"Wall Street and Washington share bailout idea"

By Patrick Rucker - Analysis
Thu Mar 13, 2008 7:08pm EDT

" Under those plans, the government would take failing mortgages off the hands of investors and write new terms that would prevent foreclosure.

The Frank bill is specifically aimed at borrowers who are distressed because the value of their home has dropped.

His legislation would see lenders write down the mortgage amount in exchange for a government guarantee the new loan would not fail. Lenders who have a choice between seizing a home or taking a hit on the loan amount could find the plan appealing. "

http://www.reuters.com/article/newsOne/idUSNAT00379820080313

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE

http://KinkMeet.co.uk

Profile

Post #: 1

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:10:22 PM

kittinSol

Posts: 16926
Status: offline

Didn't I hear somewhere that government shouldn't interfere with business

?

_____________________________

(in reply to Vendaval)

Profile

Post #: 2

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:11:30 PM

seeksfemslave

Posts: 4011
Joined: 6/16/2006
Status: offline

The sooner the banking system is brought under rigorous control the better.
At the moment their survival is so important to a "free enterprise " economy that whatever they do they have to be bailed out.
They know this and act accordingly.

(in reply to Vendaval)

Profile

Post #: 3

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:12:50 PM

kittinSol

Posts: 16926
Status: offline

quote:

ORIGINAL: seeksfemslave

The sooner the banking system is brought under rigorous control the better.
At the moment their survival is so important to a "free enterprise " economy that whatever they do they have to be bailed out.
They know this and act accordingly.

I find that terribly ironic: the super powers of the business world reduced to grovelling to government because they're too chicken shit to lend money anymore... hilarious!

_____________________________

(in reply to seeksfemslave)

Profile

Post #: 4

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:14:41 PM

seeksfemslave

Posts: 4011
Joined: 6/16/2006
Status: offline

Kitten, wherever you are lurking when you post I intend to find you and bite you backside
Mod 11 thats a joke .

(in reply to kittinSol)

Profile

Post #: 5

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:26:28 PM

SugarMyChurro

Posts: 1912
Joined: 4/26/2007
Status: offline

Oh Seeks, now they'll just ban you outright...

-----

The whole monetary system is an elaborate ponzi scheme. If you get stuck holding paper currency when it falls apart, then you really do have nothing. In the meanwhile, the bankers and the other power brokers use the same nothing to buy up most of the real wealth (real property).

Interestingly, we don't think of them as criminals, but only as misguided or overenthusiastic in their dealings. But those are the true ciminals. It doesn't take street level violence to rob people of their wealth, retirements, homes, etc - it just has to be brokered in D.C.

Our societal scapegoats are more in the mold of Jean Valjean from "Les Misérables." Those are they that feel compelled to commit street level violence or crime and fill our jails. Bread to feed their young.

Such is life...

(in reply to seeksfemslave)

Profile

Post #: 6

RE: "Wall Street and Washington share bailout idea... - 3/13/2008 5:28:13 PM

Leatherist

Posts: 5149
Joined: 12/11/2007
Status: offline

Frankly,some of the predatory lenders who were offering these "great deals"-and then using a bait and switch jacking up of the rsates are the real issue with so many foreclosures.

The fuckers should be going to jail to be ass raped-not getting bought out to escape the consequences of usury.

_____________________________

My shop is currently segueing into production mode.

I'm not taking custom orders.

(in reply to Vendaval)

Profile

Post #: 7

RE: "Wall Street and Washington share bailout idea... - 3/14/2008 4:39:28 AM

farglebargle

Posts: 10715
Joined: 6/15/2005
From: Albany, NY
Status: offline

Since they killed-off Eliot Spitzer, who is going to have the balls to stand up to the money-men?

Being an example was perhaps the real goal...

_____________________________

It's not every generation that gets to watch a civilization fall. Looks like we're in for a hell of a show.

ברוך אתה, אדוני אלוקינו, ריבון העולמים, מי יוצר צמחים ריחניים

(in reply to Leatherist)

Profile

Post #: 8

RE: "Wall Street and Washington share bailout idea... - 3/14/2008 4:47:31 AM

pahunkboy