posted on Mar, 14 2007 @ 08:26 PM
Originally posted by Rockpuck
Seems like after every massive drop comes a little rebound. *shrugs* even though Europe fell another 2% and Asia fell another 1.5% average, America
Imo, it's mostly the PPT Rockpuck. They allow stops to be hit down to an 'acceptable' level, then swoop in and save the day.
Looks like overseas markets are trying to turn up tonight:
Shoddy ethics, and criminal behavior amongst greed driven brokers...and once again, the American public will be expected to pick up the tab.
Senate Weighs Aid to 2.2 Million Subprime Borrowers
"Federal aid ``would come at a cost,'' said Douglas Duncan, chief economist at the Mortgage Bankers Association. ``It has to be paid for and the
question is would the 34 percent of homeowners who have no mortgage be willing to pay taxes to support the bailout of people who traditionally have
not managed credit well?''
It never mattered if we weren't willing in the past?
And it sounds like he's defending the taxpayer, but notice that the focus here is on the borrower...never mind that it was his
structure that in many instances, knowingly, and willfully enticed these under-qualified home buyers...for profit.
And we the people actually get taxed twice in bailouts. As the influx of this new money into the economy further inflates our currency...our dollars
I believe we need comprehensive hearings, and criminal proceedings brought against culpable members of the subprime mortgage industry.
*CPI IS A LIE*