Now, calling it a "bailout" stirs up all the fear and anxiety that the reptilians so very much love to feed on. I'M JUST KIDDING - I'M NOT GOING THAT DIRECTION...

But, it does touch on my point. What if we called it bold, but wise investing?
What the heck are you talking about Verbal?

I'm a good example. I am currently buying a house. A little over a year ago, I was unsuccessfully TRYING to buy a house. I simply could not afford one. Back then, the house I'm purchasing now would have cost me $250-$300k. I'm buying it now for around $100k. The deals like this one are not uncommon.

It would seem to me, that to purchase $700 billion worth of these properties, in not too long of a time, would be worth from $1-$1.4 trillion. Is it possible that this bailout could instead be spun as an investment and actually be a vehicle for making a dent in our national debt (in the long run)? If it's not set up this way, and is the ridiculous plan being discussed, COULD WE SET IT UP THIS WAY? I really just don't know. Could those of you that do give us some input?
-v

I think you're way off, the plan is in order to create more debt, where do you think this $700+ billion is coming from??? That's right the federal reserve and how much is the government supposed to pay back to the federal reserve? Well your guess is as good as mine, but this has all be orchestrated to make someone that little bit richer, but good for you anyways it's definitely a buyers market.

Verbal, actually, the Federation of Light will be here, October 15 to collect 2 Trillion from Bush.....

They would like you to buy the house before this.

Also I was thinking if a persons house falls into enough negative equity (thanks to rigged house prices increases then falls) it would be more viable for the owner to call a bankruptcy and get out before to much of a loss is incurred. Does anyone have any figures for the actual stats between negative equity against house repossessions, because I can't see it myself that so many people would have the lack of intelligence to get a mortgage that is so much beyond their means that they can't pay for it.

Someone please explain this to me?? Does the housing market work differently in the U.S.??

Originally posted by dgtempe
Verbal, actually, the Federation of Light will be here, October 15 to collect 2 Trillion from Bush.....
They would like you to buy the house before this.

October 15th? okee dokee. Thanks for the tip! My only question is, what's the fuss about? Can't Bush just have his Fed buddies crank him out 2 trillion when the time comes? How does October 15 relate to all the drama of the last 8 years?

SPITEFUL - you bring up a good point - it really is mind boggling that so many people would sign mortgages that they could not afford. WTF? But then again, we didn't get the reputation (Americans) of being fat and stupid by executing good judgment.

Have the American people been given the estimated cost of the bailout in terms of tax increases yet? Because I'm assuming that borrowing $700Bil+ from the FED is gonna mean you have to payback $875bil (not too sure on the FEDs interest rates so I'll assume 25%, hopefully much lower??). Now I think I heard that it will cost every American Man Woman and Child £1250 ($2300?) so I would think that if you consolidate that to Tax payers only it's going to be about ($6000?)

So you guys are going to be paying $6000 more tax over whatever period the payback is....... I certainly would be peeved off about this and would not stand for the bill what-so-ever. If the banks collapse what is the consequence to the public? Surely the outstanding debt will be bought up by another bank so what's the issue?

Anywho I've probably got a few things wrong there since I'm not economically savvy as I'd like to be.