http://www.totalnoid.com/2008/03/22/the-road-to-7-trillion-in-capital-losses-in-housing/ Random Noid Musings Thu, 20 Nov 2008 11:03:50 +0000 http://wordpress.org/?v=2.6 http://www.totalnoid.com/2008/03/22/the-road-to-7-trillion-in-capital-losses-in-housing/#comment-1656 CHESSNOID Wed, 26 Mar 2008 16:51:51 +0000 http://www.totalnoid.com/2008/03/22/the-road-to-7-trillion-in-capital-losses-in-housing/#comment-1656 Hi David, It's OK to disagree about my Bear Stearns point, but some other companies have mentioned they are ready for the same treatment. It won't surprise me if the feds do the same. As far as your example, the other 2 auto companies were not in the same financial situation. Right now we have an entire banking system with many companies on the edge of bankruptcy. I am not really familiar with the airlines situation but I will look into it later. As far as the consumer, I agree they should be held accountable. And they are when the house goes to foreclosure and their credit is dinged. It seems hypocritical only holding one party responsible. If the lender or bank is making bad decisions and making poor loans, they should not be bailed out either by the government. Both should be hit with the full consequences. Bear Stearns made money from bad decisions that caught up with them, and they should of went to bankruptcy court and had all their assets liquidated and given to the investors and creditors. Tax money should not have been used to bail either parties out. Hi David,
It’s OK to disagree about my Bear Stearns point, but some other companies have mentioned they are ready for the same treatment. It won’t surprise me if the feds do the same.
As far as your example, the other 2 auto companies were not in the same financial situation. Right now we have an entire banking system with many companies on the edge of bankruptcy.
I am not really familiar with the airlines situation but I will look into it later.
As far as the consumer, I agree they should be held accountable. And they are when the house goes to foreclosure and their credit is dinged. It seems hypocritical only holding one party responsible. If the lender or bank is making bad decisions and making poor loans, they should not be bailed out either by the government. Both should be hit with the full consequences. Bear Stearns made money from bad decisions that caught up with them, and they should of went to bankruptcy court and had all their assets liquidated and given to the investors and creditors. Tax money should not have been used to bail either parties out.

]]> http://www.totalnoid.com/2008/03/22/the-road-to-7-trillion-in-capital-losses-in-housing/#comment-1654 David Wed, 26 Mar 2008 14:24:30 +0000 http://www.totalnoid.com/2008/03/22/the-road-to-7-trillion-in-capital-losses-in-housing/#comment-1654 well i disagree with your point about bear stearns. paving the way for the next finacial bank to get the same. when the govt bailed out chrysler motors i didnt see ford or gm lining up with there hands out. in 2001 the tax payer bailed out 90% of the airlines no one complains. the part the bothers me the most is no one lays any responsiblity on the people buying the home that they couldnt afford in the first place. read your contact before you sign. it tell you in the arm loan how much your loans can go up after the introductoy period. hell most of the people who got in on teaser rates we defualting on constantly late within couple months of buying the home. but we only blame the bankers and there greed. the are greedy but when will we wake up and put the responsiblty where it lies on the people who signed a loan they could not afford in the first place. its like the guy who gets arrested for a crime but its his parents fault or someelses fault never there own. now for more postive thought. we had some heavy rain this am that actually prodcue some snow flake but melted quickly. sunsets this time year are beautiful. more time outdoors in the beautiful pacific nw. hope to see you soon in the emerald city. the latte is on me or maybe they will have there new roast out for sale pike place roast. :) well i disagree with your point about bear stearns. paving the way for the next finacial bank to get the same. when the govt bailed out chrysler motors i didnt see ford or gm lining up with there hands out. in 2001 the tax payer bailed out 90% of the airlines no one complains. the part the bothers me the most is no one lays any responsiblity on the people buying the home
that they couldnt afford in the first place. read your contact before you sign. it tell you in the arm loan how much your loans can go up after the introductoy period. hell most of the people who got in on teaser rates we defualting on constantly late within couple months of buying the home. but we only blame the bankers and there greed. the are greedy but when will we wake up and put the responsiblty where it lies on the people who signed a loan they could not afford in
the first place. its like the guy who gets arrested for a crime but its his parents fault or someelses fault never there own.
now for more postive thought. we had some
heavy rain this am that actually prodcue some snow flake but melted quickly. sunsets this time year are beautiful. more time outdoors in the beautiful pacific nw.
hope to see you soon in the emerald city. the latte is on me or maybe they will have there new roast out for sale pike place roast.

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