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Mingo
 
Group: Forum Members
Last Login: Today @ 7:09:46 AM
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Trigger
Group: Forum Members
Last Login: Today @ 1:19:51 PM
Posts: 298,
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| Just like you should stop saving stupid peoples lives, you should stop bad business.
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Trigger
Group: Forum Members
Last Login: Today @ 7:54:20 AM
Posts: 184,
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| Yeah...that's a super idea...let Fannie Mae and Freddie Mac fail, then the economy will come crashing down, fuel will increase even more, taxes will go up to pay for more welfare, bad debt, etc. On the bright side, you'll all be out of work (I work for Uncle Sam, so I'm safe) and won't be able to afford internet access...I'll have the board all to myself. Just because someone says it's bad politics doesn't make it so. Harry
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Snapper
Group: Forum Members
Last Login: Today @ 12:26:05 PM
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http://www.forumpictureprocessor.com/gallery.asp?gallery=876 "Above all, we must realize that no arsenal, or no weapon in the arsenals of the worked are so formidable as the will and moral and courage of free men and women. It is a weapon adversaries in today's world do not have". -Ronald Reagan, USA
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Mingo
Group: Forum Members
Last Login: 8/17/2008 9:08:09 PM
Posts: 58,
Visits: 254
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| I take risks some work well some fail miserably. Fannie Mac took some big risks that didn't pay off. Boo hoo. Take your lumps, learn and move on.
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Mingo
Group: Forum Members
Last Login: Today @ 7:09:46 AM
Posts: 99,
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| Harry, you are wrong. Fannie and Freddie can't be fixed. They're geared at somewhere between 65 and 200:1, depending on what you count and how. The money simply isn't there. If we bail them out, we will add a trillion to our federal debt immediately. This will spike the long end of the yield curve. The result will be much higher mortgage rates. And every other kind of interest rate. Not just on houses. If they blow or go into runoff, we will get higher mortgage rates. But other parts of lending will be unaffected. If you want to see massive unemployment, cut off credit to business and you will make that happen. If we backstop Freddie and Fannie, there is a very high probability that we will see exactly that. This bill is a monstrous mistake, and significantly raises the risk we will have a Depression.
Investing? http://tickerforum.org and http://market-ticker.denninger.net
Diving? http://scubaforum.org
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Trigger
Group: Forum Members
Last Login: Yesterday @ 8:11:59 PM
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