Is This Bailout the Only Answer? - Jets Insider.com Forums

piney · 09-25-2008, 12:29 AM

Why is this the only answer?

Can't these companies sell off these loans and foreclosed homes?

I mean, why can't the free market fix this on it's own?

People will lose jobs and companies will go out of business, but won't new companies make a killing, and grow, and create more jobs?

Is it just because we don't want to go through the grind of the market fixing itself?

I mean, seriously?

It seems that we aren't saving the economy, just preserving the status quo?

Soberphobia · 09-25-2008, 01:09 AM

I too think the market should be left to decide what happens - the $700 billion is wasted money, and is throwing good money after bad. All it is going to do is avert a recession by a couple of years and make that recession when it comes truly diabolical.

angry jets fan · 09-25-2008, 09:29 AM

Converting many of the deliquent/risky loans to longer term fix rates (e.g. 50, 60 year fixed rate) is the best solution for trying to keep people from getting foreclosed and not screwing the taxpayers.

[quote=piney;2771565]Why is this the only answer?

Can't these companies sell off these loans and foreclosed homes?

I mean, why can't the free market fix this on it's own?

People will lose jobs and companies will go out of business, but won't new companies make a killing, and grow, and create more jobs?

Is it just because we don't want to go through the grind of the market fixing itself?

I mean, seriously?

It seems that we aren't saving the economy, just preserving the status quo?[/quote]

09-25-2008, 12:29 AM	#1
piney hip deep in dirty diapers All League Join Date: Jan 2008 Posts: 3,618	Is This Bailout the Only Answer? Why is this the only answer? Can't these companies sell off these loans and foreclosed homes? I mean, why can't the free market fix this on it's own? People will lose jobs and companies will go out of business, but won't new companies make a killing, and grow, and create more jobs? Is it just because we don't want to go through the grind of the market fixing itself? I mean, seriously? It seems that we aren't saving the economy, just preserving the status quo?

09-25-2008, 01:09 AM	#2
Soberphobia All League Join Date: Dec 2005 Posts: 3,440	I too think the market should be left to decide what happens - the $700 billion is wasted money, and is throwing good money after bad. All it is going to do is avert a recession by a couple of years and make that recession when it comes truly diabolical.

09-25-2008, 09:29 AM	#3
angry jets fan All Pro Join Date: Feb 2006 Location: Earth Posts: 1,656	Converting many of the deliquent/risky loans to longer term fix rates (e.g. 50, 60 year fixed rate) is the best solution for trying to keep people from getting foreclosed and not screwing the taxpayers. [quote=piney;2771565]Why is this the only answer? Can't these companies sell off these loans and foreclosed homes? I mean, why can't the free market fix this on it's own? People will lose jobs and companies will go out of business, but won't new companies make a killing, and grow, and create more jobs? Is it just because we don't want to go through the grind of the market fixing itself? I mean, seriously? It seems that we aren't saving the economy, just preserving the status quo?[/quote]