> If 90% of the loans were good, then why bail them out? Because the market for these securities rendered them worthless, despite their underlying worth. No one would buy mortgage backed securities because they feared they didn't know the downside risk. And they were right. They didn't. But they aren't even close to worthless. In fact, they are securities backed by actual, tangible property. And as sucky as it seems now, real estate ALWAYS appreciates over the long term.
> What do the uniuons have to do with the auto companies designing and building > cars with shitty gas milage Sales are not the problem for the US auto industry. PROFIT is the problem. Only recently did gas milage kick the auto industry in the ass and now that that non-problem has subsided, their problem still exists. Why? Because their problem isn't gas milage but the cost of producing their product. Look, I'm not anti labor or anti union. I think these guys should get their fair share. But if your "fair share" kills the company you work for you might re-consider your opinion. This is just reality, dude. I think that auto workers are the salt of the Earth. I think their unions have done them a dis-service. On Nov 16, 12:42 am, Hollywood <[EMAIL PROTECTED]> wrote: > Zeb, > > If 90% of the loans were good, then why bail them out? > > What do the uniuons have to do with the auto companies designing and > building cars with shitty gas milage, a short life and far less re- > sale value than comparable Japanese/foreign models? > > You jackass do not understand. I am not necessarily FOR the auto bail- > out. If you will look more closely what I am doing is refuting your > attempts to paint unions as the sole or at least primary CAUSE of the > auto company's problems and pointing out the hypocricy of your > defending one bail-out (the financials) while attacking another bail- > out( the auto companies). > > On Nov 15, 10:35 pm, Zebnick <[EMAIL PROTECTED]> wrote: > > > > > "Bailing out" banks and other entities with mortgage backed securities > > is actually a good investment for the government because 90% of the > > loans in these securities are performing just fine. The devaluation of > > these securities was based on panic. The auto industry, on the other > > hand, is operating on a failed business model. Giving them money will > > only delay the inevitable collapse. Every rational person knew that > > there would come a day when their concessions to their unions would > > render them insolvent. Welcome to the day. > > > On Nov 15, 11:20 pm, Hollywood <[EMAIL PROTECTED]> wrote: > > > > Gaar, > > > > But, but, YOU told me such things are not REALLY bail-out or > > > "corporate welfare", but are more like "loans". Hell, even investments > > > which will eventually give the poor taxpayers a good return. Just like > > > "similar ones" in the past. Don't you remember? > > > GASP!! You didn't, shall we say, "lie" or spin facts to me did you? > > > > Oh wait, NOW I see. None of the investment bankers and financial > > > instituions have unionized employes, do they? Auto compamies DO. > > > Never mind, I understand your "reasoning" now. > > > > On Nov 15, 9:44 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > No Bailout for the Auto makers. > > > > > They have ALREADY been given relief, prior to this Financial meltdown. > > > > > If they are going to fail, let them fail. > > > > > This way, we can get rid of these Union Jobs that are causing such a > > > > drag on our Auto Industry. > > > > > Let them file for Bankruptcy, as is the Capitalistic way.- Hide quoted > > > > text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
