Yea i know the govt is going to bail them out which means no lesson will be learned. Well the lesson that will be learned is be a moron the govt will make it ok. And bailing them out keeps the companies they can't pay in business. Thats why i have to buy my house before obama gets elected :)
On 6/24/08, Gruss Gott <[EMAIL PROTECTED]> wrote: > > > Bill wrote: > > I wouldn't really call it predatory lending so much as a stupid person > who > > makes a stupid decision. > > > > > Here's the bizatch of it all: the taxpayers are going to bail everyone out. > > * estimates are that we're only 33% through the "correction" so > there's going to be more than BearStearns that go down. Government > will have no choice but to bail out the banks. > > * Stupid borrowers will get some type of government help as there's > all kinds of bills out there right now. > > * Currently mortgage holders will get bailed out -- there's a bill in > committee right now to give states money to buy up foreclosed property > to keep from going to crack. > > Moral of the story? Stupid decisions are ok. It's an infinite loop. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:262772 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
