July 20, 2006

Patrick.net asks "How are we going to assist distressed homedebtors in the coming days? Is this a moral obligation?"

20 comments:

Osman said...

I don't see much of a moral obligation. In fact, I think the moral imperative is to let the market function as freely as possible rather than to bail out overwhelmed borrowers.

We still have bankrupcy laws, afterall.

p.s. My favorite response to the original post?

Q: How are we going to assist?
A: Soylent green!

Anonymous said...

hopefully that is a picture of Keith in a year after the housing pop is alot more mild than he hopes, and his AAPL stock goes to zero. Taste it liberal suckas.

Anonymous said...

My liberal electricity has been off for two days here in Penn's Woods. My conservative gasoline is costing $3.25 a gallon.

Anonymous said...

The Fed will be under a lot of pressure to lower short-term rates to pump liquidity into the crisis- as Greenspan would have done. This will be especially true as consumer retail spending gets hit big time because the home ATM isn't handing out cash anymore.

All the business folks will be pulling in their political chits to force the interest rate cuts.

And how is this a liberal vs conservative issue? Seems like plenty of folks from both groups have gotten involved in the housing mania. And politicians from both camps have been in on the $$$$.

Anonymous said...

mustache guy actualy wants to work.
cool.

Anonymous said...

If they are bailed out, no lesson is learned, and destined to be repeated in a rather short time frame. Really, what hard lesson was learned from NASDAQ going over 5000??? Not a damn thing.

Anonymous said...

If he wanted to work why isn't he out working instead of standing there holding a little sign?

Anonymous said...

Remember people; we're not done subsidizing the illegals yet.

Anonymous said...

Some shall begin to take in foster
kids. Kids that might have otherwise not had a home, but to house a foster child does good for the community and brings in good income...Not me...my home is paid for but those in trouble

Anonymous said...

Do you expect them to pay, Dr. Evil?!

NO,Noooooooooo Mister Powers, I expect them to die.

Anonymous said...

We have a moral obligation to kick them in the face, and foreclose on their house.

Anonymous said...

I warned about this a month ago!

The Federal Home Loan Assistance Corporation. . .like the old S&L Bailout - Resolution Trust. . .wait until all those people are in foreclosure, and the congress will be on CSPAN all night asking to bailout - then the government will monetize the debt, and 15% inflation for sure!!!

Anonymous said...

The man can always rent out the woman for some tax-free income. If he has adult daughters they can perform on subscription Web sites..maybe no house but some income producing ass-ets...

Anonymous said...

How about the moral obligation to get me a house?

Anonymous said...

Maybe David Lereah can write a book on; How to Provide Shelter to the Dumb and Dumber.

Bill said...

15% inflation for sure!!

What like we havent been there before..shit my parents first home was 18% interest..but...on a $14,000 note.

Anonymous said...

My Parents first house cost 10K the payment was $62 month - let the females work laying down - after all we are civilized now - there are rules covering paid positions.

Anonymous said...

No need to help out, the defense industry and military will have plenty of "jobs" when the war breaks out in Iran and Syria.

Anonymous said...

That war has already started we just haven't been called up yet...Perhaps next week Draft notices will be sent out!

Wendy said...

I know there are many honest realtors out there, but using the term "Moral obligation" and "Realtor" in the same sentence still smarts for me...

http://victimordeal.blogspot.com/