Gothamist: Government's $700 Billion Bad Mortgage Bailout

Future Taliban

Sun, 21 Sep 2008 15:16:04 -0500

AMERICA COLLAPSES!!! I LOVE it!.

pete

Sun, 21 Sep 2008 11:32:32 -0500

Don't worry, all this money is coming from the Federal Reserve's magic photo copy machine.

Felix Hoenikker

Sun, 21 Sep 2008 07:35:41 -0500

http://www.youtube.com/watch?v=sZwPkTmqfpg

dadoc

Sun, 21 Sep 2008 00:37:36 -0500

Investing heavily in the melamine futures market as we speak.

starrygordon

Sat, 20 Sep 2008 23:49:59 -0500

#11: I think the current crisis has a lot more to do with class than with age group. If you're 25 you might actually come about ahead -- depends if you can get control of any assets when the fire sale occurs. It will be tricky, but fortunes are made during depressions and other catastrophes. First, though, we've all got to get through the next five or ten years. Among other effects of printing money, the dollar will go in the can and gas will cost not $4 but $10 per gallon, or more -- for example. We're being turned into a third-world country.

NannyState

Sat, 20 Sep 2008 23:08:04 -0500

Don't think that the federal government can't collect on these loans. Just like student and SBA loans, the price of relief here could be that the defaulters cannot ever dispose of their debt in bankruptcy and will bear their burden for the rest of their lives or until they pay up. Uncle Sam is one cruel shylock.

Fritzdecat

Sat, 20 Sep 2008 22:26:47 -0500

Blah Blah feckin Blah....Who ye gonna blame Smart guy? Left right Left right...oh thats a dummy derby ain't it? Oh it is Nobody knows how to fixit, the Banjo player from Deliverance says it will fix itself... up is down black is white

moonbeam

Sat, 20 Sep 2008 22:10:21 -0500

The faux-patriotic GOP don't care one bit if they bankrupt the country, as long as their own personal accounts are doing well.

Shinobi Shaw

Sat, 20 Sep 2008 22:06:36 -0500

Agreed with #10 and that is why I am angry at the damn Boomers. I am 25 and you meant to tell me me and my children will pay for this mess.

starrygordon

Sat, 20 Sep 2008 21:26:36 -0500

The current crisis came about because of the massive production of funny money. Producing yet more funny money is probably not going to solve it. And no, your great-grandchildren are not going to be paying the debt. You are, when your bank accounts go down the drain.

Sommelier

Sat, 20 Sep 2008 20:42:08 -0500

"congress is mostly to blame for this mess." Yeah... the republican congress who, under the 'leadership" of Phil Gramm finally got rid of the regulations that Roosevelt & the Democrats passed tp protect us after the LAST time Wall Street ran unfettered. Greed is NOT good. Greed does NOT work.

Sommelier

Sat, 20 Sep 2008 20:40:06 -0500

Looks like our "first MBA President" & his "free market" rethugs screwed things up so badly that we've become a socialist nation, using taxpayers money to bail out failing businesses. Can you imagine the bloody screaming that they'd be doing if this happened on a Democratic president's watch? Hey, George W. Dumbf__k: when Hugo Chavez nationalized businesses, he had the brains to get ones that ere making money... like the oil companies. You're so dumb, you grabbed the ones that were already belly-up! Moron!

edEx

Sat, 20 Sep 2008 18:01:16 -0500

congress is mostly to blame for this mess.

blablanyc

Sat, 20 Sep 2008 17:47:36 -0500

What happened to the Republicans wanting only a free market economy? This exhibit of economic patriotism is so unlike the Republicans. The world is watching and gloating.

slappy

Sat, 20 Sep 2008 17:04:33 -0500

Doesn't exactly take a futurist thinktank to have seen this coming. Nobody watching the store apparently. Free market. Dummies. The bailout is unfair. I hope they will guarantee an affordable fixed rate for all those folks who are losing their homes. And it urks me that there won't be much pain and consequence for these aholes on Wall St. and Washington. Plus, this may not work. The secret of money: there is never enough. Open market capitalism should have some guidelines that keep the economy sound. We all depend on that. You just have to legislate against unbridled greed. Welcome to the golden shower of the trickle down economy. Thank Reagan for that.

Felix Hoenikker

Sat, 20 Sep 2008 17:02:23 -0500

Heckuvajob, Georgie.

babyhitler

Sat, 20 Sep 2008 17:02:20 -0500

Why is everybody mad? It's not your problem anymore. It's your great great great grandchildren's now. Man, imagine having to buy a loaf of bread in 2099 from the chinese that will cost them 1 million dollars a slice. Baby Boomers fucked everything up/

iralarry

Sat, 20 Sep 2008 17:01:16 -0500

And what was it that the GOP always accuses the Dems of, Tax and spend? Largest EVER government bailout on GOP watch. The treasure only had 800 billion at its dispose. Now we have the equivalent. That is about the same as the average American saves about 1-2 percent annually. Boy, are we f*^ked! They screw up and say they need to do this. Now the Dems will inherit the greatest national deficit in our history and what are the Dems supposed to do to correct it-Tax and spend just what the friggin' GOP set it up to do. Conspiracy, why not? It is their strategy to get back in in 2012.

woodendesigner

Sat, 20 Sep 2008 16:38:42 -0500

I can't even begin to get my head around what a moronic mess this whole thing is. There is so much I want to say and can't even get anything out.