Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Off-Topic Post, Non Stock Talk
»
Is the700 billion dollar bailout really needed?
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by ohio_trader: [QB] the real bailout number is estimated between $5-7 TRILLION- now how on earth does anyone with a brain thinks we have that kind of dough. it would surely dilute are money to being worthless in time. this is ridiculous might as well send every homeowner a check for $50,000, it would do us more good than bailing them out. the real solution to congress- we stop paying interest on the national debt instantly- the new interest rate will be zero percent- no bailout will be needed and our taxes could go down also on the mortage side- allow anyone with a clean payment history in the last 12-24 months to refinance existing balance only, if they are at a higher rate, no appraisal necessary this would help about 25% of mortgage holders now, their balances would not increase, they could lower their rate even though they've take a bath on loss of equity( which is why they can't get a loan now) All I can say is this country, and world is in one hell of mess over this- and this ain't going to be an easy fixing. Why i believe it was voted down- a bandaid over a bullet wound doesn't work so well, they want to pass something, to put the focus back on the election- why?so this problem is back at us by spring and even worse.. stupid and where were these same politicians, secretary of treasure, federal reserve at 1-2 yrs ago???? all the sudden we need 700 billion, 2 trillion, 5 trillion whatever...where were you clowns when it hit 50 billion, 150 billion...oh, thats right you were stripping your funds from the stock market and real estate assets, before the saps caught wind of what was going on.... i will still continue making calls, as i feel they are working, they can't handle the heat you know with elections around the corner NOTE: do not be influenced by their pack of lies i.e the stock market will crash, you lose, your house, will go into a recession, all these lies being propagated by congressman, bernanke, paulson, bush first off the stock market has been a rocky ride since 9/11, second most of the country is already in a recession and had been for awhile , 3rd the real estate market is going down regardless if this passes or not and won't turn until 2013+ anyways at best GOD BLESS OUR COUNTRY, divine intervention may be are only hope on this one.... [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2