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Old 07-31-2007, 11:28 AM
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Default Do you think the government will bail out

the sub-prime mortgage lenders? In much the same way they bailed out the Savings and Loan Banks years ago.

Worries me that they will do nothing for the people losing their homes but have no proplem bailing out large greedy banks.
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Old 07-31-2007, 11:38 AM
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And who are losing their homes? The people who purchased balloon type financing and displayed their stupidity? Sure, we should bail them out for NOT using common sense. Why not. I work hard for my tax money to reward ignorance.
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Old 07-31-2007, 11:39 AM
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Don't you mean will tax payers pay for the Government bailout.

When have lenders ever taken a risk that was not covered by a Federal Guarantee.

Go Team Resolution Trust Go
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Old 07-31-2007, 11:40 AM
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Why do they need a bail out?
They have made a killing doing this.
They made a loan on a home that was 150k the loan did not go bad for 2 to 3 years then they shot the rate high and fast so the person defaults and the bank has a home that is now worth 175k and the will sale it for 170 making a profit of 25 k with the person down payment and all the cash that was paid on the mortgage for the years before it went bad was just gravy.

They know what they are doing and getting rich doing it.
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Old 07-31-2007, 01:35 PM
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NO...and let the lenders eat the losses too
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Old 07-31-2007, 04:31 PM
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Of coarse, even though it is their fault, they chose to make lending and borrowing harder, so what would you expect.
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Old 07-31-2007, 07:00 PM
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Hope not, I want to buy the foreclosures and turn them into rentals.
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Old 07-31-2007, 10:16 PM
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No, they're letting them go bankrupt. So far.
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Old 07-31-2007, 11:48 PM
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Bush1 saving and loans, after Neil Bush bankrupted Silverado saving and loan. Now George 2 can take a crack at a bail out, if he sees big money in it for his bro's. a lot of money was made off the S&L bail out by admin insiders. buying S&L's for pennies on the dollar. Sec. of tresury Simon and assit. Parsky got controling interest in Orange county S&L for about 10 cents on the dollar.
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Old 08-01-2007, 12:15 AM
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I hope not. The real losers are the bankers or funds that own these mortgages. The home owner walks away leaving the lenders as the bag holders. These people should never have been given loans in the first place. They should have done what the rest of us did - wait until you could afford it. There is some responsibility involved on both sides. I feel sorry for neither. Greed at it's best.
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