Comments on: There is a housing bailout going on–but it’s not for you

By: marvin

marvin — Mon, 27 Jul 2009 13:12:56 +0000

The current bailout plan the Obama administration has somehow contribute in lessening the effects of economic global crisis to everyone. Maybe in due time, the economy will bounce back to where it should be.

By: Novista

Novista — Sat, 22 Dec 2007 04:49:14 +0000

There is enough fault and fraud to go around. From Easy Al Flatulanece and the ratings firms, who aided and abetted creative investment vehicles for a fee and a AAA stamp.

The media is still beating the ’sub-prime’ drum when the debacle had already passed that point in July. Two things to keep in mind: the housing bubble peaked in August 2006; and second is: only 6.3% of all mortgages were sub-prime. Who recalls any pundit in the MSM saying, Whoa! we could have a problem,’ ?

Did any of the experts ever raise a question about the bizarre accounting practices of the Arthur Andersen firm on behalf of Enron? Nope. Even the SEC said, OK, fine.

Meanwhile, as the catastrophe unfolds, we see Freddie and Fannie had their hands in the toxic cookie jar when they had restrictions (a.k.a. regulations!) And money market funds were limited to low-risk investments but oops! they joined the raptors at the trough.

By: Martin

Martin — Fri, 21 Dec 2007 21:18:00 +0000

But didn’t you know that it’s all the MEDIA’s fault??? That’s what Toll Bros is saying anyway.

By: www.buzzflash.net

www.buzzflash.net — Fri, 21 Dec 2007 17:24:24 +0000

There is a housing bailout going onâ€“but itâ€™s not for you…

As the Federal Reserve pours billions into a rescue fund to save banks from bad loans, consumers are raging at each other over a housing bailout that doesn’t exist….