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Thread: Bailout thought

  1. #11
    Senior Member gsc's Avatar
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    Quote Originally Posted by Hoosier View Post
    I agree with Marvin this is a really bad idea. That would cost be huge sum. 100K per homeowner. How many homeowners are there in the US. How would you pay for it. The government is taking some ownership in the cooperations they are bailing out. Would they own a share of your home. I don't agree with the bailout, but that would be so much worse.
    If there were 300 million in the country and 200 million were adults, assuming they owned 75 million homes, that would be 10 trillion if I did the math right.

  2. #12
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    I read today that when this is over, the entire bailout will have cost $8 trillion.

  3. #13
    Senior Member K G's Avatar
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    Quote Originally Posted by M Remington View Post
    I read today that when this is over, the entire bailout will have cost $8 trillion.
    Well, then it must be true.....

    By they way, did your source say when "this" will be over so that we can make future plans?

    Wanting to be prepared regards,

    kg
    I keep my PM box full. Use email to contact me: rockytopkg@aol.com.

  4. #14
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    Quote Originally Posted by K G View Post
    Well, then it must be true.....

    By they way, did your source say when "this" will be over so that we can make future plans?

    Wanting to be prepared regards,

    kg
    - Keith, we know Mark & his fellow travelers have few original thoughts so we can breathlessly await his source.

    While we are waiting, there is a good synopsis on Larry Summers on the dailybeast.com. A guy with his politically incorrect views has got to have talent to survive in the party of the lefties. At least that appears to be one good BO appointment.

    I did read an article in "American Spectator" last night that said when all this pump priming that's being done takes hold it's going to be like throwing gasoline on a fire. As they say things are not as bad as everyone makes them sound, the major issue is fear by the Nervous Nellies.
    __________________________

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    Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!

  5. #15
    Senior Member Illinois Bob's Avatar
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    Quote Originally Posted by kjrice View Post
    Why not paydown residential mortgages $100k and allow them to refi at reduced rate of, lets say, 4%.
    I can't see where that would be fair to those that don't have a house yet or those who have paid thiers off already.I think it's better that those who over extended themselves to sell out and start over at thier own expense.

  6. #16
    Senior Member Hoosier's Avatar
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    Quote Originally Posted by Illinois Bob View Post
    I can't see where that would be fair to those that don't have a house yet or those who have paid thiers off already.I think it's better that those who over extended themselves to sell out and start over at thier own expense.
    Bingo!!!!!

  7. #17
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    I know it's not Fox or Rush Limbaugh, but here it is. . .

    http://www.sfgate.com/cgi-bin/object...14C8QR.DTL&o=0

    Thank goodness Obama seems to realize there is a problem. . .

    George, where are you???????????

  8. #18
    Senior Member Hoosier's Avatar
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    Quote Originally Posted by M Remington View Post
    I know it's not Fox or Rush Limbaugh, but here it is. . .

    http://www.sfgate.com/cgi-bin/object...14C8QR.DTL&o=0

    Forgive me, I don't know how to post a link.
    I don't think that accounts for any return on investment.

  9. #19
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    Can we count on ROI?

  10. #20
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    Quote Originally Posted by Illinois Bob View Post
    I can't see where that would be fair to those that don't have a house yet or those who have paid thiers off already.I think it's better that those who over extended themselves to sell out and start over at thier own expense.
    BINGO!! However, I feel the same principal should be applied to the fat cats on Wall Street & the banking industry etc.

    Rewarding incompetence and greed is anethema to the free enterprise system.

    Remember the free enterprise system?

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