http://www.alexdorival.com/rr/2008/10/14/126/ The site for social rights and wrongs Thu, 21 Jan 2010 17:38:46 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.alexdorival.com/rr/2008/10/14/126/comment-page-1/#comment-1648 Nathan Fri, 17 Oct 2008 00:12:41 +0000 http://www.alexdorival.com/rr/?p=126#comment-1648 I am also upset at this 'bail out.' They are encouraging businesses that do bad business to keep right on doing it. What happened to the survival of the fittest? What about those companies that didn't say 'just write down you earn "X" and we will say you do so you can buy this house you can't possibly afford. And if you foreclose, we win because you never touched the principle and we can sell it again and make more money!" However, they didn't count that other people wouldn't be buying now so now their stuck with their bloated over priced homes. In a NORMAL world, when demand goes down, so does the price, but these greedy sons of whores kept the prices up anyway so their little profit margins won't get hurt, well Boo F'ing Hoo. Now we pay for it, our kids pay for it. AND people who bought their home the right way, pay for it, and businesses that barely survived because they did it the right way, pay for it. It's a sad situation that will have echos for years to come. I am also upset at this ‘bail out.’ They are encouraging businesses that do bad business to keep right on doing it. What happened to the survival of the fittest? What about those companies that didn’t say ‘just write down you earn “X” and we will say you do so you can buy this house you can’t possibly afford. And if you foreclose, we win because you never touched the principle and we can sell it again and make more money!” However, they didn’t count that other people wouldn’t be buying now so now their stuck with their bloated over priced homes. In a NORMAL world, when demand goes down, so does the price, but these greedy sons of whores kept the prices up anyway so their little profit margins won’t get hurt, well Boo F’ing Hoo. Now we pay for it, our kids pay for it. AND people who bought their home the right way, pay for it, and businesses that barely survived because they did it the right way, pay for it. It’s a sad situation that will have echos for years to come.

]]> http://www.alexdorival.com/rr/2008/10/14/126/comment-page-1/#comment-1644 Damek. » Competing Economic Models Tue, 14 Oct 2008 17:50:20 +0000 http://www.alexdorival.com/rr/?p=126#comment-1644 [...] Alex is right, what’s going on right now is despicable. Unfortunately, it also seems pretty necessary. Will this hurt many people over time? Yes. Will we learn from these mistakes? Perhaps. The question comes down to “who’s doing the hurting and what is it we should learn.” [...] [...] Alex is right, what’s going on right now is despicable. Unfortunately, it also seems pretty necessary. Will this hurt many people over time? Yes. Will we learn from these mistakes? Perhaps. The question comes down to “who’s doing the hurting and what is it we should learn.” [...]

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