Berkeley CSUA MOTD:Entry 49132
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2025/04/04 [General] UID:1000 Activity:popular
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2008/2/13-14 [Uncategorized/Profanity] UID:49132 Activity:moderate
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".