http://www.nytimes.com/2008/10/31/business/31bailout.html?_r=1&oref=slogin
Quotes about some of the pervese incentives the government has created:
"Why am I being punished for having bought a house I could afford? I am
beginning to think I would have rocks in my head if I keep paying my mortgage"
Todd Lawrence, homeowner, outside Norwich, Conn.
"If the lunch truly is free, the demand for free lunches will be large."
Paul McCulley, PIMCO
"If the government says, 'Prove that you can't afford your houseese and
we'll redo your mortgage,' then people are going to try to qualify"
Peter Schiff, President of Euro Pacific Capital
"I guess they are forcing me to deliberately stop paying to look worse than
I am. Crazy, don't you think?"
Anonymous Countrywide borrower, Los Angeles
_______________________________________________
http://www.mccmedia.com/mailman/listinfo/brin-l
