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Thread: Is This Bailout the Only Answer?

  1. #1

    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?

  2. #2
    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.

  3. #3
    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]

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