26
Sep
Sep
Just a swift question
Answer:
i disagree that it will make things better
it only defers the debt and ads to the all ready huge deficit
unless you convert all the current mortages to fixed, tell investors in CDOs kiss those high returns goodbye and accept a much lower return, and further reduce the price of those homes in foreclosure, then tell local government make do with much less since there will be even lower amounts of property taxes.. i state let the institutions fail, and seize all assets of the top 1% managements for their big risky gamble that didn’t pay off
Answer:
The plan might NOT make things better but it will FOR sure keep things from getting worse. Banks wont fail, therefore the people who work there wont be unemployed. Banks have money to lend and can raise capital instead of having to look for buyers. Stocks will jump if the deal happens so people can regain their loss. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList
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on Friday, September 26th, 2008 at 2:49 pm and is filed under Other Finance.
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