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#1
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![]() Group: Moderators Posts: 2,499 Joined: 23-February 06 From: El Paso Texas Member No.: 32 ![]() |
Since i don't see a topic for this. What do you all think of the bailouts going on right now?
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#2
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![]() The Transient Aggie Group: Members Posts: 546 Joined: 22-February 06 Member No.: 21 ![]() |
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. -------------------- ![]() A government big enough to give you everything you want is a government big enough to take from you everything you have. |
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#3
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 ![]() |
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. -------------------- |
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#4
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![]() Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 ![]() |
Sadder is that people *did* see this coming (Ron Paul and possibly others in Congress, certainly several economic watchdogs), but nobody listened. They've been saying this since what, 1999? -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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#5
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 ![]() |
They've been saying this since what, 1999? I don't know for sure, but that sounds about right. -------------------- |
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Lo-Fi Version | Time is now: 19th September 2025 - 04:18 AM |