Comments on: Rome Burns & Washington Looks For the Bogeyman http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: od http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6477 od Sat, 04 Oct 2008 00:52:01 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6477 Stu, Yeah, it's a pretty stupid deal. But what action by the gov't isn't? Don't think for one second it was done out of ignorance. These special interests and congressmen know EXACTLY what they are doing. I don't think it's the end of the world. But it is the end of progress and growth for a while. (Which I don't mind) Americans are going to have to learn to save, and only buy what they can afford. (Which isn't a bad thing.) Stu,

Yeah, it’s a pretty stupid deal. But what action by the gov’t isn’t? Don’t think for one second it was done out of ignorance. These special interests and congressmen know EXACTLY what they are doing.

I don’t think it’s the end of the world. But it is the end of progress and growth for a while. (Which I don’t mind) Americans are going to have to learn to save, and only buy what they can afford. (Which isn’t a bad thing.)

]]> By: Dingo http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6467 Dingo Fri, 03 Oct 2008 22:53:16 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6467 The United States is entering a depression that will likely spread around the globe. States and municipalities across the country are canceling construction projects because they can't sell their bonds for "reasonable" interest rates. Who does Paulson/Bush think are going to buy $700 Billion worth of U.S. paper? What interest rate are they offering, 25% per annum? Next year when another $1 or $2 Trillion dollars of loans are underwater who is going to buy our bonds to fund that bailout? It's over Johnny. The United States is entering a depression that will likely spread around the globe.

States and municipalities across the country are canceling construction projects because they can’t sell their bonds for “reasonable” interest rates.

Who does Paulson/Bush think are going to buy $700 Billion worth of U.S. paper? What interest rate are they offering, 25% per annum?

Next year when another $1 or $2 Trillion dollars of loans are underwater who is going to buy our bonds to fund that bailout?

It’s over Johnny.

]]> By: Stu http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6455 Stu Fri, 03 Oct 2008 21:02:53 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6455 od, we are screwed because this will do nothing for Main street and simply "Bailed Out" wall street. We are screwed because this is not going to do one damn thing but to add am enormous debt on our ability to move forward. Our best bet would have been to let 2,000 + banks fail thereby strengthening the 6,000 + that would be left. Let half of these chain stores and chain restaurants close and strengthen the ones that are left. This coupled with a jobs program would have had us coming out of this in 3 or 4 years a stronger nation. All this did was further collapse the economy at the "Tax Payers" expense and reduce our ability to climb out of the hole because it just got dug that much deeper on us. That and the reccesion is here and this will not even slow it down enough to notice. In fact if you blinked you probably missed how much this "Bail Out" accomplished... That may be enough to stir some unrest come November... Maybe??? VOTE ALL INCUMBANTS OUT OF OFFICE IN THE NEXT ELECTION, ALL OF THEM!!! od, we are screwed because this will do nothing for Main street and simply “Bailed Out” wall street. We are screwed because this is not going to do one damn thing but to add am enormous debt on our ability to move forward. Our best bet would have been to let 2,000 + banks fail thereby strengthening the 6,000 + that would be left. Let half of these chain stores and chain restaurants close and strengthen the ones that are left. This coupled with a jobs program would have had us coming out of this in 3 or 4 years a stronger nation. All this did was further collapse the economy at the “Tax Payers” expense and reduce our ability to climb out of the hole because it just got dug that much deeper on us. That and the reccesion is here and this will not even slow it down enough to notice. In fact if you blinked you probably missed how much this “Bail Out” accomplished…

That may be enough to stir some unrest come November… Maybe???

VOTE ALL INCUMBANTS OUT OF OFFICE IN THE NEXT ELECTION, ALL OF THEM!!!

]]> By: CompaJD http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6448 CompaJD Fri, 03 Oct 2008 19:46:09 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6448 We are in the eye of the storm right now and it just went from a Cat 3 to a Cat 5. We are in the eye of the storm right now and it just went from a Cat 3 to a Cat 5.

]]> By: Richard Estes http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6446 Richard Estes Fri, 03 Oct 2008 19:20:45 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6446 as already suggested, the whole thing is window dressing, a charade with that said, to distinguish between Fannie, Freddie and the hedge fund world is rather odd, sort of like nabbing two of the three bank robbers, but letting the driver of the getaway car off, they were all in it together as already suggested, the whole thing is window dressing, a charade

with that said, to distinguish between Fannie, Freddie and the hedge fund world is rather odd, sort of like nabbing two of the three bank robbers, but letting the driver of the getaway car off, they were all in it together

]]> By: od http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6445 od Fri, 03 Oct 2008 17:46:35 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6445 Where are those Ron Paul Revolutionaries when we need them? Where are those Ron Paul Revolutionaries when we need them?

]]> By: od http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6444 od Fri, 03 Oct 2008 17:43:37 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6444 Stu, I know we are screwed. So what? Do you really think fat,ignorant,drug-popping,broke Americans are going to get up and protest, or (even more unlikely), start a revolution? Clearly the banks run this world. Don't underestimate how much pain and suffering the populace will take before demanding change. I just don't think Americans have the stomach to do anything about it. Stu, I know we are screwed. So what? Do you really think fat,ignorant,drug-popping,broke Americans are going to get up and protest, or (even more unlikely), start a revolution? Clearly the banks run this world.

Don’t underestimate how much pain and suffering the populace will take before demanding change. I just don’t think Americans have the stomach to do anything about it.

]]> By: bought at the wrong time http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6443 bought at the wrong time Fri, 03 Oct 2008 16:59:57 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6443 I need some clarification: Wall street and the banking system basically thru greed crash the nations financial system, (a broad look) and now holds that same nation hostage because they won't lend, and now this nation is going to hand them 700b (if not more.) WTF? Am I off on this? I am listening to the politicians spin this as it will help the tax payers- are they crazy? I need some clarification:
Wall street and the banking system basically thru greed crash the nations financial system, (a broad look) and now holds that same nation hostage because they won’t lend, and now this nation is going to hand them 700b (if not more.) WTF?

Am I off on this?

I am listening to the politicians spin this as it will help the tax payers- are they crazy?

]]> By: Stu http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6442 Stu Fri, 03 Oct 2008 16:27:06 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6442 od, you can't take out loans if you don't have a job or the resources to pay it back. That is the problem with this bill. It cannot make or force people to buy cars and houses and other things... They will have to have the money for that. These lenders want the money to hoard it and keep their gravy train going. They want there bonuses to continue and their stocks to rise so they can sell, sell, sell!!! These people wan to suck dry each and every possible penny that the middle and lower class have left and then they will use all of their ill found gains to buy everything up and make us truly a debtor nation unto them. A perfect plan and 700 Billion will help get that ball rolling along nicely. Don’t forget they already have Fannie and Freddie to rape and pillage from at the “Tax Payers” expense and that has already started. This is in addition to that debacle. They already have AIG on the ropes seeing as how they have drawn down over 75% of their loan in just a few weeks. I recall our Government telling us “Tax Payers” that AIG probably wouldn’t even use this amount over the 2 years they have to pay it back. They will have spent it all in 2 months and we will then owe 85% of an insurance company… whoopee!!! We will also lose 100’s of billions in bank closings and now that we will have FDIC insurance up to 250K we will owe yet that much more… The “Tax Payers” are screwed if this passes each and every last one of us! Japan had a lost decade, but savings… We could have a lost century!!! od, you can’t take out loans if you don’t have a job or the resources to pay it back. That is the problem with this bill. It cannot make or force people to buy cars and houses and other things…
They will have to have the money for that.

These lenders want the money to hoard it and keep their gravy train going. They want there bonuses to continue and their stocks to rise so they can sell, sell, sell!!! These people wan to suck dry each and every possible penny that the middle and lower class have left and then they will use all of their ill found gains to buy everything up and make us truly a debtor nation unto them.

A perfect plan and 700 Billion will help get that ball rolling along nicely.

Don’t forget they already have Fannie and Freddie to rape and pillage from at the “Tax Payers” expense and that has already started. This is in addition to that debacle. They already have AIG on the ropes seeing as how they have drawn down over 75% of their loan in just a few weeks. I recall our Government telling us “Tax Payers” that AIG probably wouldn’t even use this amount over the 2 years they have to pay it back. They will have spent it all in 2 months and we will then owe 85% of an insurance company… whoopee!!!

We will also lose 100’s of billions in bank closings and now that we will have FDIC insurance up to 250K we will owe yet that much more…

The “Tax Payers” are screwed if this passes each and every last one of us! Japan had a lost decade, but savings… We could have a lost century!!!

]]> By: od http://mrmortgage.ml-implode.com/2008/10/02/rome-burns-washington-looks-for-the-bogeyman/comment-page-1/#comment-6438 od Fri, 03 Oct 2008 13:35:46 +0000 http://mrmortgage.ml-implode.com/?p=315#comment-6438 The already are there. The plan is to get them to take out loans again, and putting them further into debt. The already are there. The plan is to get them to take out loans again, and putting them further into debt.

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