US bailout

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philbell
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Posts: 56
Joined: Tue Jan 29, 2008 8:31 pm
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US bailout

Post by philbell » Wed Oct 01, 2008 12:04 am

What do you think of the failed US bailout? Should it have gone through or not? One side listened to the voters and the other listened to the Bankers.

I can understand both arguments, and I am no expert in any area here, but surely if things continue without the bailout then the markets will crash, hence will pensions and housing and make things worse.

I have been asking for years why people are stupid enough to pay so much for houses and why banks let them. It has been so obvious that the market was going to hit a point where it would all fall through for the last 4 years, yet people were stupid enough to pay the prices asked and banks were even stupider to let them borrow money that was alwaysys going to end in negative equity!!!

WHY??

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DodgeFB
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Posts: 785
Joined: Fri Jun 16, 2006 12:31 am
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RE: US bailout

Post by DodgeFB » Wed Oct 01, 2008 6:27 pm

I think it is just plain old "greed".

I agree with Dave Ramsey. The Common Sense Fix

http://www.daveramsey.com/etc/fed_bailo ... nAodj040Eg
Last edited by DodgeFB on Wed Oct 01, 2008 6:48 pm, edited 1 time in total.
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