“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home

Bailout - They Fixed The Economy For Good!

It is amazing that it only took 140 more billion dollars in pork to keep the party going on the hill until after the elections. These beggers have no shame at all to come to us after they have squandered our hard earned tax dollars, gambled our future and all with out any oversight and wanted more. They got it. Details of the deal will follow in the coming weeks!

The good thing about the bill:

  1. No more whining or pointing political fingers on Capitol Hill.
  2. Bi-Partisan works when the bribe money is big enough!
  3. No more tax monies needed ever from anybody.
  4. You do not have to be worried about your jobs.
  5. Don't ever worry about inflation again.
  6. No need to raise taxes.
  7. No more bankruptcies.
  8. No more bank failures
  9. No more foreclosures.
  10. Good times ahead for all!
  11. You'll be back selling 10 homes a month in no time.
  12. Properties will automatically stop falling in values.
  13. Appraisals will come in at full value.
  14. Stocks will never again fall in value!
  15. Give me Liberty, or Give me more money!
Posted Friday Oct 03
( 10/03/08 03:38PM ) — Lyn Sims - Northwest Suburban Chicago Homes

I am so mad about all the pork attached to that I could scream!  Just found out a couple of hours ago that it passed.  I officially am declaring war on my elected crooks, officials, LOOSERS.


-- millions of pork for Hollywood producers


-- millions more for stockcar race track owners


-- more than $192 million for Caribbean rum producers


-- over $200 million for Alaskan fisherman

( 10/03/08 03:46PM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Lyn Sims - Northwest Suburban Chicago Homes (RE/MAX Suburban) You are not alone.  They changes Patrick Henry's motto to "Give me liberty, or give me a really big bribe!" Our politicians are traitors. America was unconditionally surrendered today without a shot!

( 10/03/08 04:08PM ) — Paul McFadden Mortgage Loan Originator Renton Washington Mortgage Loans

Jim: Hindsight is a wonderful thing. I wonder if the free market would have accomplished the same thing. We'll see! Take care.


 


Paul

( 10/03/08 05:40PM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Paul McFadden (Exact Financial Group)  I agree.  Now we'll have to just how things will turn out in Utopia!  The total fix that covers nothing.

( 10/03/08 06:50PM ) — Lynn Afton, REALTOR® in area surrounding Big Rapids, Michigan

Don't forget the most important clause: Exempting from excise tax certain wooden arrow shafts for use by children.


( 10/03/08 06:54PM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Lynn Afton, REALTOR® in area surrounding Big Rapids, Michigan (Greenridge Realty Oakmont)   They are something else.  What willthe public do when they come back begging for more money?  There will be another fire, and no water to put it out.

( 10/03/08 09:53PM ) — Erik Hitzelberger, --Louisville-Bullitt County Real Estate

140 billion, 140 billlion, 140 billion -- I just can't get past it.  They whined and cried about the burden on the tax payers on Monday.  By Friday they added 20% and called it good.  140 billion, 140 billion, 140 billion 

( 10/03/08 10:45PM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Erik Hitzelberger, --Louisville-Bullitt County Real Estate (RE/MAX Alliance)  Read my latest Blog.  You should see what they put in the bill!

( 10/04/08 09:30AM ) — Ryan Shaughnessy, Broker/Attorney - Your Lafayette Square Real Estate Partner

We should know by now that the government causes as many problems as it solves.  Investor's Business Daily and the Wall Street Journal have had a number of articles that show how the government contributed to this mess from accounting rules that restricted lending capital to the patchwork regulation of lender to loosening of credit standards to promote minority homeownership and ownership of homes by the poor.  When will we learn that the government intervention often has unintended consequences and often creates as many problems as it solves.


 In the drive to promote homeownership (which is a worthy goal), they set the rules of the game that encouraged lax lending practices.  Why should FannieMae create a system that doesn't require any investment by the borrower?  That is, with no money down there is no incentive not to walk away from a mortgage and a property.  PMI should be mandatory.  Maybe it would have spread the default risk to private insurance companies and not the taxpayer. 


The good news is that the market is taking care of this issue.  The last survey of senior loan officers show that credit and lending standards have tightened.  It's about time - the only problem is that the pendulum will swing back because the message we are sending is that the government will be there to bail you out even if you made bad lending decisions, had loose underwriting standards, and were willing to lend to anyone.

( 10/04/08 11:33AM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Paul McFadden (Exact Financial Group)  This isn't even an attempt to fix.  BTW, why are you copying nad pasting this same reply in different posts?

( 10/06/08 03:42PM ) — Bergen County Realtor, Sal Poliandro, SRES, ePRO, Short Sale Specialist

And today the market drops under 10,000 points.  Some fix this was!

( 10/08/08 10:46PM ) — Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Bergen County Realtor, Sal Poliandro, SRES, ePRO, Short Sale Specialist (RE/MAX Properties)   For sure...and still dropping!  Hey it was only 850 Billion!

Post a comment

Temporarily disabled — coming soon!