OT - How to think like a righty
- From: theBZA <dewey3k@xxxxxxxxx>
- Date: Thu, 30 Aug 2007 09:40:50 -0700
Neil Cavuto on Fox Noise last night was lambasting home owners who
"got in over their heads" and now want government help getting out. He
reminds that "it all comes down to personal responsibility" and "No
one makes us sign mortgage papers. We sign them." He opposes
government bailouts for homeowners facing foreclosure due to
questionable loans.
But he supports a federal bailout of banks and lenders who *made* the
quesionable loans. He supports a federal bailout of the investors who
bought the "securities" of packaged questionable loans. He thinks the
government should bail these folks out with direct financial
assistance and by further cutting interest rates. He thinks it would
be "good for the market. It would stabilize the market."
So, people who already made a lot of money lending bad money should be
bailed out. The people facing the loss of their homes need to stand
and and take "personal responsibility." Typical right-wing thinking.
Help the corporations and screw the people.
.
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