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US bailout
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09-30-2008, 11:04 PM
Post: #1
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US bailout
What do you think of the failed US bailout? Should it have gone through or not? One side listened to the voters and the other listened to the Bankers.
I can understand both arguments, and I am no expert in any area here, but surely if things continue without the bailout then the markets will crash, hence will pensions and housing and make things worse. I have been asking for years why people are stupid enough to pay so much for houses and why banks let them. It has been so obvious that the market was going to hit a point where it would all fall through for the last 4 years, yet people were stupid enough to pay the prices asked and banks were even stupider to let them borrow money that was alwaysys going to end in negative equity!!! WHY?? |
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10-01-2008, 05:27 PM
(This post was last modified: 10-01-2008 05:48 PM by DodgeFB.)
Post: #2
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RE: US bailout
I think it is just plain old "greed".
I agree with Dave Ramsey. The Common Sense Fix http://www.daveramsey.com/etc/fed_bailou...nAodj040Eg The opinions expressed are solely of the writer. "You can judge the heart of a man by his treatment of animals." - Immanuel Kant |
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