Bill Gross: We Need Total Nationalization Of Housing, And I'm Not Just Talking My Book

Bill Gross: We Need Total Nationalization Of Housing, And I'm Not Just Talking My Book

www.businessinsider.com

Last week, Bill Gross raised plenty of eyebrows when he suggested that the government ought to totally nationalize housing finance, while dismissing the idea that the private sector could ever step up to the plate and replace Fannie and Freddie.

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This should of been predicted a long time ago. The government possibly creates a crisis, only so the majority begs for their help to fix it. But ofcoarse, their "fixing it" means more government control, and less personal freedom.
The housing bubble is gonna pop again, and very soon.









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Sure, why the hell not. Let me just get my bread from the government while I'm at it. Same with my ability to breathe. Its bout time for a revolution to happen. Gettin tired of crap like this. Cant believe the stupidity of this statement. Freddie and Fannie were the prime reasons as to the collapse and they were RUN BY THE GOVERNMENT. How anybody can even put their trust in these fools is beyond me.

This will never happen, at least not in my lifetime. The government had a hard enough time getting a government run health care system through, that isn't even government run. There is no way that the banking crowd would allow this and I would hope that we all know, it isn't up to you or I, it is up to the bankers. If anything, they would pass some legislation off as government run housing finance, while it would really be a boon to the bankers. All of your usual suspects would come out of the woodwork and the public would think it is a left vs. right issue, while the bankers laugh all the way to, well, the bank.

--airspoon

Nationalize this, nationalize that, Nationalized Socialism, what is that called again?

For some reason, the name sounds familiar.

reply to post by monkeySEEmonkeyDO


LOL
How silly a thing to say.
We need the Gubbment to run our anything.
If you allowed businesses to run themselves bailout free then there would be no problem as they would measure twice and cut once and not give huge loans to people that simply cannot afford them.
Then people would be able to see the real problem that everything nowadays is soooo overinflated and that we need real industry back in the US.
Does this Billy guy have a book out? And why did he even mention it?
He probably has a buy gold banner on his webpage if he has a page.
Its all about money fools errr folks.
Nothing more to it.

Frannie and Freddie are both a scheeme. A crock of gerbil crap. I was looking for a house in 2008 and i found one that i really liked, unfortunately it was a Fannie Mae home. I got caught up in their paperwork. Its like you have to meet all kinds of qualifications even tho you have been approved for a loan that is 40k more than the house is listed for. Needless to say i didn't get the house. They get these houses and let them sit there and rot. Or auction it off whenever they feel like it. If anyone here is looking to buy a home... If you see a frannie or freddie sign in the front yard DONT BOTHER.

Nationalized Housing???? I do believe a revolt is in order.

MOTF!

[edit on 24-8-2010 by MessOnTheFED!]

If Bill Gross is speaking you can guarantee that he is talking his book. Who besides China owned a metric crap ton of Fannie and Freddie paper that the Treasury backed when the prospectus clearly stated that Fannie and Freddie were not "full faith and credit" obligations of the US? Why Gross's PIMCO was a major holder of course.

Gross is in the company of Paulson, Bernanke, Geithner, Lloyd Blankenfien, Jamie Dimon, and a score of others of those that should at least be in jail if not swinging from the nearest lamppost as punishment for the financial crisis they brought us.

reply to post by monkeySEEmonkeyDO


Yep, then it will be the clothes you wear, the car you drive and the food you eat. Why not, they have a good start on it now, don`t they?

From under what rock did that idiot crawl?

EDIT to say: Thanks comrade.

[edit on 24-8-2010 by FiatLux]

What we need is a nationalized hard currency.