F-R-E-E that spells free, $300B mortgage bailout bay-be (Trees And Things)

profwhat: The monster

Wed, 30 Jul 2008 14:12:19 EST

The worst part of this may be the $300 billion to "insure" refinanced mortgages. On paper, it doesn't look too bad: you re-assess the house's value as it stands today, the buyer proves he can afford to pay a mortgage for 90% of that value, and the le

pO157: We're lazy.

Tue, 29 Jul 2008 15:25:17 EST

The saddest thing is we shouldn't be having discussions like this. Many Americans are extremely angry about the state of affairs, and have been for quite some time. However as a nation we tend to let apathy take over and not follow up on our desires.

ckm: Re: Preach it, brother!

Tue, 29 Jul 2008 14:53:04 EST

Well, I have the distinct advantage of dual nationality and, until 14 years ago, living most of my life in countries other than the US. Most of my family is not, in fact, in the US. All that makes decision like these far easier for me than for

pO157: Preach it, brother!

Tue, 29 Jul 2008 14:07:32 EST

Screwed over enough to seriously consider whether the US is a good place for me to invest or even if I should move my business ventures to another country.

Ahh the Milton Waadams plan. Who hasn't considered that? I think this is how we will be a

ckm: Re: People who do the right thing get screwed.

Tue, 29 Jul 2008 14:00:57 EST

This is what pisses me off most.

Because of some mistakes I made early in my life, my credit has taken a long time to get back into shape, a process which will be complete early next year.

Now, I could have jumped in and probably easil

Steve Urkel: Pick your poison

Tue, 29 Jul 2008 13:24:36 EST

this text is linked:

The cost to insure U.S. Treasury debt against default surged to a record on Friday on fears that the U.S. government may need to put

pO157: You are absolutely right.

Tue, 29 Jul 2008 12:08:49 EST

You just run a high chance of this happening.

pO157: People who do the right thing get screwed.

Tue, 29 Jul 2008 10:54:12 EST

This is just another example of how people who play by the rules and take responsibility for their choices always lose in the end. This would not be possible without excessive government intervention, subsidies and bailouts.

My wife and I saved money d

joshv: Re: nervous

Tue, 29 Jul 2008 07:12:27 EST

Hell, when you own a printing press for the currency in which your debt is denominated, there is absolutely zero risk of default.

wetkarma: nervous

Tue, 29 Jul 2008 06:32:59 EST

In business school you are always taught that a 'risk-free' rate of return is whatever the US 3mth treasury note is paying. I got a A- on a paper I wrote specifically for calling this bullshit - since my position is that there is no metric tracking w