2/12 Fuck you homeowners. And fuck Paulson. May you drown in your
irresponsible debt.
\_ What are you babbling about, young troll?
\_ At a guess, the 30 day reprieve. -!op
\_ Yes, the first bail out plan was bad enough. Moral Hazard. -op
\_ Probably the conforming limit boost?
\_ I was just listening to someone on the radio make an interesting
point. All these interest rate cuts and things are really for the
benefit of the banks who are in crappy financial situations due to
their own incompetence. The fed. reserve's primary duty is to keep
them afloat. It kinda makes sense when you consider the real effect
of interest rate cuts at this time, and who benefits the most, vs.
who gets hurt.
\_ The number of defaulting homeowners is trivial compared to the
number that took out normal loans they're paying every month. But
I guess that doesn't make for a good motd troll.
\_ Exactly. "It's not a big deal" in the macro sense. So why is the
goverment arranging special treatment for those who are defaulting? -op
goverment arranging special treatment for those who are
defaulting? -op
\_ Fear, and the desire to be seen to be "doing something". |