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Shannon
California
360 Posts |
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Conniek
Oregon
78 Posts |
 Posted - 10/16/2008 : 11:56:01 PM
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Folks, Who bails you/us out when no payments come in? No! A bailout will not work in a Capital system, just does not work! Need new folks with integrity! It is not a party it is responsiblity! Fanny Mac & Fanny Mae was a program to skim more...who got lots of $$$ from this scheme? Our Capital system is the best and it will right itself in time. We get to pay more taxes and our kids also!! WRONG for us WRONG for USA! No fix will work. Just think about it! We got conned into thinking this is what will work...then AIG had a big celebration party after bailout! What do we get...no work! Their budget has to work like ours! No money..no spendee! How can this work? If your credit card was paid off without your effort, would you not charge again??? See the lesson here??
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claudia
Texas
54 Posts |
Posted - 10/16/2008 : 09:16:32 AM
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You are a very optimistic person. I on the other hand am a pessimist. Optimistic is a great way to be. I need to practice at that one.
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jbelmont
California
3106 Posts |
Posted - 10/15/2008 : 11:45:18 PM
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Who to blame? Its really everybody's fault. Lenders, borrowers, government, bystanders. We all let this happen or participated somehow. I don't believe in bailing out those who acted irresponsibly. But, all businesses are now effected in our country, and even worldwoide to some extent. Lets hope the bailout helps.
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claudia
Texas
54 Posts |
Posted - 10/15/2008 : 10:59:00 PM
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Call me a skeptic but I do not believe that we will not crash. The bailout may have postponed the crash but it has not secured us from falling from years of bad investments.
Also, I do not blame the borrower for this outrageous economic position the housing market has found itself in. I blame the lender. Lenders had actually started a practice before the crunch called NINO loans. They were loans given to people with no income and no assets. They were so interested in making money by selling bundled house loans to world investors that they forgot all sanity and gave loans to almost anyone. Well surprise surprise those loans went bad along with the ridiculous practice of loaning money with an ARM attached. This was a complete and total irresponsible practice. I believe that our government should not have bailed them out. Our economy would have fallen yes. But now it is our government that will fall and where do you think that 700 billion dollar budget will come from the pockets of United States Citizens the tax payers.
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jbelmont
California
3106 Posts |
Posted - 10/02/2008 : 9:06:07 PM
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I would prefer a "proactive" bailout bill that would safeguard banks from future loans that were made using conservative principles such as verifying that the borrower has cash in the bank just in case they lose their job, etc.
However, its a relief that our economy will not completely crash now that congress has agreed upon a bailout.
Lets hope that the notary business benefits from this rescue of our economy.
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Bailout bill
