stdreb27
Active Member
Originally Posted by Rylan1
http:///forum/post/2767363
that's interesting.. question is how many people would be able to have the liquid cash available for something like this.... and how much of a hit would the banks be able to absorb.... it is clear that much the increase in housing value was due in large to speculation... and these values were overvalued... that is why loans are worth more than the resale value of the home..
I like what Buffet did... there are still responsible business and investment firms out there....I also like how they did not jump on that $700B buyout.
The banks that are already almost gone who cares. The fed purchased these securities at a discount, he is just saying instead of the fed, why not have it offered to the individual.
Yeah, they didn't jump at it, for opposite reasons, republicans don't like the fed's owning anything(well the good ones anyway), and dems wanted to get their grubby little hands in the cookie jar. Obama and pelosi saying they want oversight they are ticked they weren't in the loop writing the dang thing...
What really hacks me off are the frivolous demands that don't address the problem at hand but are simply political games, and exactly why congress shouldn't have oversight because they aren't above playing political games with a non-partisan issue. Limit CEO pay and subsidize irresponsible home owners will do nothing to solve the issue and only exacerbate the problem.
http:///forum/post/2767363
that's interesting.. question is how many people would be able to have the liquid cash available for something like this.... and how much of a hit would the banks be able to absorb.... it is clear that much the increase in housing value was due in large to speculation... and these values were overvalued... that is why loans are worth more than the resale value of the home..
I like what Buffet did... there are still responsible business and investment firms out there....I also like how they did not jump on that $700B buyout.
The banks that are already almost gone who cares. The fed purchased these securities at a discount, he is just saying instead of the fed, why not have it offered to the individual.
Yeah, they didn't jump at it, for opposite reasons, republicans don't like the fed's owning anything(well the good ones anyway), and dems wanted to get their grubby little hands in the cookie jar. Obama and pelosi saying they want oversight they are ticked they weren't in the loop writing the dang thing...
What really hacks me off are the frivolous demands that don't address the problem at hand but are simply political games, and exactly why congress shouldn't have oversight because they aren't above playing political games with a non-partisan issue. Limit CEO pay and subsidize irresponsible home owners will do nothing to solve the issue and only exacerbate the problem.
