Lenny
09-30-2008, 08:58 AM
Just curious as to what you all think about this plan. This is an anonymous Poll. I have been following this as closely as many of you. Deneens' sister is in LA and is upside down in her home. Deneens' Financial Company is at odds with the Investment markets and clients money as well. It has a huge effect no question. But, in all the reading I have done, the shows, the banter, I wonder how "BAD" this really is, and if in fact after the dust settles the Markets will rise (again) and the losers (Institutions) will settle out and you will have a market with a good Foundation once again. Without the bailout.
I also question the timing of all of this, not the Housing crisis (values, as the Bailout is not going to make your house price double again) but the Financial Institution Crisis. Near the end of the current Presidency and $hit hits the fan and everything is quickly needing a "fix" . ???
How come other "Bills" don't get three or four passes through the House until it gets a "Yes" . The deposit taking Financial Institutions in the US are not that bad off. The "credit depots" are another story. Basically an unregulated Gigantic casino.
http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes
I also question the timing of all of this, not the Housing crisis (values, as the Bailout is not going to make your house price double again) but the Financial Institution Crisis. Near the end of the current Presidency and $hit hits the fan and everything is quickly needing a "fix" . ???
How come other "Bills" don't get three or four passes through the House until it gets a "Yes" . The deposit taking Financial Institutions in the US are not that bad off. The "credit depots" are another story. Basically an unregulated Gigantic casino.
http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes