And more on bailout
Apr. 13th, 2007 08:07 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
cryowizardThe cost of the subprime bailout is (ready?) 120 Billion Dollars
http://money.cnn.com/2007/04/13/real_estate/subprimebailout_cost.moneymag/index.htm
Fine, they probably wont just pay 120B to whomever is messing up. Instead, they will probably go with tax breaks and such which is not as bad but still, still, I say that bailout of any kind is wrong. Let the lenders burn first and foremost so that they will know better next time. And since the people in the sub-prime arena are the ones that don't qualify for prime, they didn't have the means to have those homes in the first place. These homes will go to the people who have the means, and let it be so.
{Dank Wel![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
lkoyfman}
http://money.cnn.com/2007/04/13/real_estate/subprimebailout_cost.moneymag/index.htm
Fine, they probably wont just pay 120B to whomever is messing up. Instead, they will probably go with tax breaks and such which is not as bad but still, still, I say that bailout of any kind is wrong. Let the lenders burn first and foremost so that they will know better next time. And since the people in the sub-prime arena are the ones that don't qualify for prime, they didn't have the means to have those homes in the first place. These homes will go to the people who have the means, and let it be so.
{Dank Wel
lkoyfman}