Bailouts Options

[woody]

Since i don't see a topic for this. What do you all think of the bailouts going on right now?

[nickluto]

I think they should go under. They have no business loaning money to people with no assets or collateral, no income, and no jobs. Sad that no one saw this coming and even sadder than no one in Washington blew the whistle.

Say what you want about regulation, but oversight/watchdogging is often less bureaucratic and equally as effective.

It's going to be tough for people to get loans for households in the near future after the interest rates bounce back up from their Fannie Mae/Freddie Mac dip, but at least the companies wont be loaning to people who have no business borrowing in the first place.

[Spectatrix]

Sad that no one saw this coming and even sadder than no one in Washington blew the whistle.

Sadder is that people *did* see this coming (Ron Paul and possibly others in Congress, certainly several economic watchdogs), but nobody listened.

[dauss]

Sadder is that people *did* see this coming (Ron Paul and possibly others in Congress, certainly several economic watchdogs), but nobody listened.

Welcome to America. Doing nothing until it becomes a disaster.

Isn't this socialism, but in a messed up fudal way?

Well this definitely isn't capitalism and free market anymore.