Don't Bail Out the Housing Market - Martin Wolf

[pdxeddie1111]

well who thought bailing out the banks was a good idea? to keep a depression at bay? the only obligation the fed had was to cover the deposits for failing banks and thats it. Should have let the chips fall and as jobless rates skyrocketed the government could have used their credit to start infrastucture projects to curb the joblessness and paving the way for a real recovery but all this did was postpone the inevitable and waste our bullets, the economy must be allowed to reset

[taineasy]

We should not bailout anyone especially people who bought a house they could not afford or any speculators, which are one in the same. In each case they were just gambling. Let the market find its own bottom and then move on. Too bad so sad! There have always been winners and loosers. Price manipulation never works or lasts.

[5one50]

just moved new area

someone smart please help me Ds

[chambapogo]

I'm kind of an economic Darwinist here, but I think "survival of the fittest" should apply to this. I'm not talking about a local guy putting his small company in debt by a few thousand and the bank foreclosing on him early. Bailouts of the nearly trillion dollar amount are only deserving of the failures they themselves have created... Right?

[draadjesvlees]

You're completely right: but 'the ordinary citizen' who refused to think and wished to believe that prices can only go up because he saw so on 'Oprah' and the likes also doesn't deserve to be saved. Let them go down, let them suffer, so we reinstore normal economic behavior: you buy what you can afford, not what you can lend.

[poyetas]

Why the negativity? He's right...fixing prices will only lead to inflation and a reduction of your purchasing power. Either you take the hit now and fix the system or wither away...

[FattKidd]

Fuck the CFR & any of the elitist ideas that come out of that piece of shit!

[tbackes]

hello you are a british piece of shit i hope you rot in hell...