Bush's Plan

[David]

http://money.cnn.com/2007/12/06/real_estate/Bush_plan_is_limited/?postversion=2007120613

[Prez]

Thats so ****ed up.

I feel that if you put yourself in a position to take out a stupid ****ed up loan that spikes to high interest you deserve it. Everyone with a brain knows ARM's are stupid. Thats why you do fixed.

I don't see why the government needs to bail them out.

[dave]

i dont really understand and of this fiasco that well. anyone care to explain?

[David]

Thats so ****ed up.

I feel that if you put yourself in a position to take out a stupid ****ed up loan that spikes to high interest you deserve it. Everyone with a brain knows ARM's are stupid. Thats why you do fixed.

I don't see why the government needs to bail them out.

the same reason our government bails out everyoen else that can't take care of themselves. The banks are the ones that will reallly suffer. So while it's given those individuals that took responsiblity for the loan it's also giving banks room to breath.

[David]

i dont really understand and of this fiasco that well. anyone care to explain?


i really don't understand all the details.. basically what i got from it was selling off debt to bigger banks. not the debt it's self but the interest debt. Basically the trickle down i get is it will hit investments... SO instead of getting 7% back on an annuity or whatever... you get 2%.


I think... i probably didn't explain that right..

the money is just coming from other places...

[coop]

i am surprised there is no reference to al queda or terrorists in this plan

[David]

read it backwards.