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Paulson - I want your money

Discussion in 'News & Current Events' started by Crabtownboy, Sep 25, 2008.

  1. Crabtownboy

    Crabtownboy Well-Known Member

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    Interesting article from the other side of the big pond.

    http://www.economist.com/opinion/displaystory.cfm?story_id=12305249
     
  2. carpro

    carpro Well-Known Member

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    Paulson is a piker. He could take lessons from...guess who?:tonofbricks:

    Obama wants far more of our money for a longer period of time...

    our entire lives.
     
  3. JPPT1974

    JPPT1974 Member

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    No wonder I am voting for McCain!
     
  4. Crabtownboy

    Crabtownboy Well-Known Member

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    Obama didn't appoint Paulson, a Republican did.

    But that is off track. What did you think of the article from England and what it said?
     
  5. billwald

    billwald New Member

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    Bull Pippy! The cause is NOT failing house prices. House prices are failing because the banks made bad loans. If I make a bad deal will you all bail me out?
     
  6. Don

    Don Well-Known Member

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    I hope everyone understands that this bailout means, essentially, that the government will own all those mortgages.

    Who needs eminent domain when you already own the property?
     
  7. billwald

    billwald New Member

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    Same as Joseph ending up owing Egypt.

    You all can count on property taxes increasing when the govt takes the repo'd houses off the county tax rolls.
     
  8. Pastor Larry

    Pastor Larry <b>Moderator</b>

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    I think technically that house prices are falling because banks won't make more bad loans. Or more precisely that people are no longer willing to pay what the current owners paid.

    Bad loans don't affect housing pricing. They only affect the ability of current owners to make their payments.
     
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