Re: OT - How to think like a righty

On Aug 30, 9:34 pm, "David Goldberg" <daagoldb...@xxxxxxxxx> wrote:
"kenzaburo" <James.B.Reyno...@xxxxxxxxx> wrote in message

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On Aug 30, 3:08 pm, "David Goldberg" <daagoldb...@xxxxxxxxx> wrote:
"theBZA" <dewe...@xxxxxxxxx> wrote in message

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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.

Neither should be bailed out, and we should privatize our money supply so
this nonsense cannot happen again.

If there were no bailouts, you'd see the economy react not unlike an
automobile running without any motor oil. It would be ugly.

You're saying private enterprise cannot exist without a government to
provide "bailouts"? Are you serious?


That's not at all what I said. I was speaking specifically about the
current situation. Given the degree of sub-prime (and to a lesser
degree, hedge fund) defaults, government $$ injections were required
in order to stabilize the economy (I don't really see it as a
"bailout", but that point is debatable). Otherwise, it would be a
catastrophe unlike anything we've seen in recent memory (IMO). Walk
through it from the ground up and it becomes pretty clear.

.

Relevant Pages

  • Re: OT - How to think like a righty
    ... "got in over their heads" and now want government help getting out. ... people who already made a lot of money lending bad money should ... stand and and take "personal responsibility." ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT - How to think like a righty
    ... "got in over their heads" and now want government help getting out. ... reminds that "it all comes down to personal responsibility" and "No ... government bailouts for homeowners facing foreclosure due to ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT - How to think like a righty
    ... "got in over their heads" and now want government help getting out. ... reminds that "it all comes down to personal responsibility" and "No ... people who already made a lot of money lending bad money should be ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT - How to think like a righty
    ... "got in over their heads" and now want government help getting out. ... reminds that "it all comes down to personal responsibility" and "No ... people who already made a lot of money lending bad money should be ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT - How to think like a righty
    ... "got in over their heads" and now want government help getting out. ... reminds that "it all comes down to personal responsibility" and "No ... government bailouts for homeowners facing foreclosure due to ...
    (alt.sports.basketball.nba.la-lakers)