tag:blogger.com,1999:blog-36275473.post3323635262175023627..comments2024-02-17T00:59:45.119-08:00Comments on Coyote Angry: We're #1Not Your Mamahttp://www.blogger.com/profile/18318206435043475411noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-36275473.post-42077911768887145472007-08-21T20:45:00.000-07:002007-08-21T20:45:00.000-07:00Looks like we're almost back to those miserable da...Looks like we're almost back to those miserable days of yesteryear when the Silverado Savings and Loan, et. al. joined the last big construction bubble. Now, why would various Bushes be around for both?<BR/>Worse, at least the S&L's assumed some risk; with some winks and nods,the current loan outfits could sell "the product" to be repackaged by finance outfits with the "risk spread out" repacked, and resold again. The problem now is that no one knows how big the crater might be. The news will likely dribble in one announcement of layoffs at lending institutions after another...Bear Stearns, Capitol One, Countrywide...<BR/>Cutting the interest rates for banks won't do squat, because it's not the banks that repackaged all these "deals." That was just Fed political theater for the benefit of the Bushites and their Wall Street allies.Desert Beaconhttps://www.blogger.com/profile/02005950397571592827noreply@blogger.comtag:blogger.com,1999:blog-36275473.post-27130459286717537672007-08-21T18:22:00.000-07:002007-08-21T18:22:00.000-07:00The core problem is greed, Mama. I feel sorry for ...The core problem is greed, Mama. I feel sorry for the less-well-off who bought to own and got stung badly, but a commentator on Sparrow Chat agreed with you that it is mainly the middle classes with their avarice complexes who are copping it with this one. Like you, I've got no sympathy. The NO 9th Ward is just the same as it was two years ago - untouched.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36275473.post-57365574921898597012007-08-21T16:22:00.000-07:002007-08-21T16:22:00.000-07:00Exactly. We still have thousands of people on the...Exactly. We still have thousands of people on the gulf who lost everything through no fault of their own and some of our own party leadership is talking about a bailout for people with jumbo loans??? That's a talk to the hand moment for me. <BR/><BR/>The folks from NO's 9th ward got no bailout so do you really believe I can get behind bailing out some pos wannabe-hotshot who took out a 500k loan then borrowed away every penny of his equity to buy a Hummer and a plasma TV? <BR/><BR/>It doesn't matter what lending policies we set, the core problem is our spending habits.Not Your Mamahttps://www.blogger.com/profile/18318206435043475411noreply@blogger.comtag:blogger.com,1999:blog-36275473.post-60676207889422372032007-08-21T15:37:00.000-07:002007-08-21T15:37:00.000-07:00I like Trent's analysis. While the sub-prime cris...I like Trent's analysis. While the sub-prime crisis started the ball rolling it's well beyond that now. For some, predatory lenders took advantage of their need. For others, the foolish belief that real estate would rise indefinitely in a Bushwhacked economy, impelled them to fall prey to their own greed.<BR/><BR/>If bailouts are coming from the Bush Reich, the beneficiaries will only be those at the top of this Ponzi pyramid.TomCathttps://www.blogger.com/profile/11397335545286040472noreply@blogger.com