Give us a couple of weeks without the bailout and you're credit cards won't work and neither will the ATM machines. Have you got any chickens to trade? I understand those who have already lost their homes to forclosure may see no releaf. My understanding is that the majority of the problems are due to bad loans in California and Florida. And a good case can be made that these were people just plain foolish, overspending on their housing. I don't care about bailing them out, just not having a 2nd Great Depression. Regards, Bob S.
On Fri, Sep 26, 2008 at 10:56 PM, Subash <[EMAIL PROTECTED]> wrote: > On Fri, 26 Sep 2008 18:30:55 -0400 > John Sessoms <[EMAIL PROTECTED]> wrote: > >> Ok, I was wondering how I got that link. The man has some very >> interesting ideas ... but what I took away from his essay about the >> 4th quadrant is the proposed wall street bailout ain't gonna' work. > > don't know to what extent this actually reflects the realities on the > ground, but if this Guardian article by Andrew Clark is true, the > 'bailout' plan seems aimed at those responsible for the crisis. btw, > this article was carried in the newspapers here today.... > > http://www.guardian.co.uk/business/2008/sep/26/useconomy.usa > > <quote> > Those on the ground doubt that the Bush administration's banking > bailout will chime agreeably with struggling families. Drew Sygit, a > property consultant at The Lending Edge in Detroit, said: "I don't know > if anyone in the Detroit area cares, or can see that this package is > supposed to be in their best interests. For many people, it's a case > of, 'Hey, I lost my house and some of the people who put us in this > situation are being bailed out'," he said. > </quote> > > -- > PDML Pentax-Discuss Mail List > [email protected] > http://pdml.net/mailman/listinfo/pdml_pdml.net > to UNSUBSCRIBE from the PDML, please visit the link directly above and follow > the directions. > -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
