On Oct 1, 2008, at 5:00 PM, LuKreme wrote: > On 1-Oct-2008, at 14:28, Stefano Mori wrote: >> On 2008-Oct-01, at 21:05, LuKreme wrote: >>> On 1-Oct-2008, at 13:45, Stefano Mori wrote: >>>> Wanna use 700 billion to help the struggling middle class? OK, >>>> how? >>> >>> Setup a government funded and guaranteed refinance program at a >>> fixed >>> rate of the current prime+3% to bailout those people who are having >>> troubles. That is, bailout the taxpayers, not the fat cat bankers >>> who >>> lied (or committed fraud, if you prefer) about the risk of their >>> mortgages and knowingly laden their companies with 'junk' level debt >>> that they rated at AAA in defiance of the regulations. had they >>> rated >>> their debt properly, none of this could have happened, but instead >>> they committed a probably multi-trillion dollar fraud. >> >> So you think they would be able to pay? > > Most of them.
If we have to do a bail out I agree that directly bailing out the mortgage holders is the thing to do. Let the mortgage companies live or die as the market decides. Add a sunset clause so the entire thing goes back private after some time (giving them time to get the laws right) and I'd sign on to the idea. You might be able to raise a few more millions in a pay per view public flogging event. Perhaps even a mini-series. I'd call it "The Running Man" but that names been taken.. I'd love to describe how I'd like to involve the house and senate members but Echelon would go ape shit. =c= _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
