No way, no how, no bailout.This eye means it more than the other one. *sniff* It's kind of like when The Cosby Show brought in the new kid. If it's not a Sox cap, at least it's a baseball cap. Bonus points for buying it at the stadium. kthx! I want to photoshop Kilroy here. Ikea futon we used to have invisible sheep. Do not bail this man out! extra bonus points for paying it with your credit card True Dat! Paulson, don't make him angry. You wouldn't like him when he's angry. no doomsday scare tactics *whispers sweet nothings* *whispers sweet everythings* puppy dog face.... nice wallpaper classic Seriously, you have GOT to hire an interior decorator. Or you can just have me do it. needs more notes Please do not look at through a florescent light. good god, man. get some sleep. Mandy chew toy... Cool picture I know times are bad, but surely you can afford an iron? Tufty hair invisible bat! mwa hahahaha! What, no kittens? wow Yes. I said YES!! Some people also put greed and personal interest over common sense and prudence .. let's smile as well though Smart thinker: Vote jakerome definitely not a kitten DugoutHeroes dot com is a free online baseball game that is officially licensed by the MLB...for all you baseball lovers...go Red Sox!!!  No way, no how, no bailout.
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Please Digg. I'm calling my congresswomen and telling them I do not support this bail out. I'm a registered Democrat, but I think this is the rare issue that truly crosses the party line. There are many reasons I oppose the bailout, and I'll hit them one-by-one. 1) It rewards the bad actors who got us into the mess in the first place. First, the people who bought houses that they knew they could not afford. Second, the lenders who made these bad loans without caring about the likelihood that they could not be repaid. Third, the insurers who bribed the government to not call credit default swaps (CDS's or mortgage insurance) insurance, thus relieving them of the obligation to keep cash on hand in case they had to pay the off the insurance policy. 2) The government will undoubtedly overpay for this debt. The problem is two-fold right now: these loans are worth somewhere between $0.30 and $0.80 on the dollar, and no one wants to buy them at any price. So now the government will come in and rescue these irresponsible lenders. Guarantee you that the feds pay 50% more than anyone else would be willing to pay for this debt. 3) It doesn't solve the root problem. Are they going to require oversight of CDS's? Will we start regulation & oversight of the shadow banking system? If not, this problem will just repeat itself in 5 or 10 or 20 years. 4) We're rushing into a solution Good solutions aren't developed over a weekend or two weeks. Whatever band-aid bail out they come up with will be loaded with unintended consequences and will lead to hundreds of billions in extra spending beyond what anyone anticipates. You can take that to the bank. 5) Scare tactics are being used by the administration to coerce congress into giving the president massive new powers I'm sorry, but didn't we just leave that party? 6) Once the government owns the debt, borrowers will be much less likely to pay if off. Think about it-- all these problem borrowers are from the people who overpaid for their houses and borrowed more than they could ever afford. And the government has been going on for over a year about how we can't kick people out of "their" homes and onto the street. Now, all of a sudden these people are going to be stiffing the government & we'll own the houses. Any bets on whether we ever evict ANYBODY? This is a giant signal to the borrowers that they can STOP paying their mortgages immediately, because the government is coming to rescue them. The solution will probably be to write off the debt 100% and give the houses to the current occupants. Seen on the web: www.fernyreyes.com/?p=18 ballotvox.prx.org/archives/645/trying-to-understand-the-b... www.npr.org/blogs/money/2008/09/take_picture_post_online_... www.biggerpockets.com/renewsblog/2008/09/29/700-billion-c... mortgage-buy-home.com/2008/09/29/700-billion-can-we-handl... unpostoaparte.blogspot.com/2008/10/pagare-i-mutui-o-compr... trouble.philadelphiaweekly.com/archives/2008/09/i_often_h... news.cnet.com/8301-17852_3-10091189-71.html www.wisebread.com/when-will-the-bailouts-stop-a-summation... www.thumbjockey.com/blog/2008/10/desperate-times.html germaine.wordpress.com/2008/11/12/my-day-in-pictures/ globaldenny.livejournal.com/89663.html rarestnews.com/bailout_banks svmomblog.typepad.com/new_jersey_moms_blog/2008/12/rtp-th... www.rickety.us/2009/02/paul-on-politics-market-versus-gov... yinvsyang.com/what-do-you-think-of-the-bailout/1219/ www.northbynorthwestern.com/2009/02/20237/why-you-should-... www.allthebs.com/2009/04/your-outraged-yet-teabagging-pic... www.quietthethunder.com/2008/10/people-you-need-to-start-... www.biggerpockets.com/renewsblog/2009/09/09/world-order-g... Comments
phoneyman [deleted] says:OK 
Mr. Wizzard
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You need to do your own math. Those numbers
are off by a factor of 1000. It would be $425
each.
jim031956 "How has the bailout made anything
better?"
jakerome Totally agree with you on that. The bank
bailout was difficult to stomach for everyone
who struggles to pay their mortgage, but
attempting to block salvation for the auto
industry is indicative of the Republicans'
true colours. They only look after their own.
Arty,
SurfDaddy Point taken. I wonder if the
banking/credit/mortgage industry could be
"streamlined".
Finding location...
jakerome
says:
No way, no how, no bailout.
Posted 14 months ago. ( permalink )