US bailout

Where all the blog posts go that end up on the front page!

Moderators: Lass, Lad

Post Reply
Posts: 56
Joined: Tue Jan 29, 2008 8:31 pm
Political Stand:

US bailout

Post by philbell »

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!!!


User avatar
Gifted Member
Posts: 784
Joined: Fri Jun 16, 2006 12:31 am
Political Stand:

RE: US bailout

Post by DodgeFB »

I think it is just plain old "greed".

I agree with Dave Ramsey. The Common Sense Fix ... nAodj040Eg
Last edited by DodgeFB on Wed Oct 01, 2008 6:48 pm, edited 1 time in total.
The opinions expressed are solely of the writer.

"You can judge the heart of a man by his treatment of animals." - Immanuel Kant

Post Reply