I couldn't agree more. We have no idea...none, if this will work. We don't even know for sure it won't make it worse. There is actually a decent chance this does make it worse. Let them fail. It would be get very bad very quick, but all the garbage would be cleared faster. Then the economy can get back on track. This just saves poorly managed companies and allows them to continue doing poor business.
I'm just glad I made good financial decisions for myself (didn't buy an over priced house, didn't get an ARM loan hoping I would get a 50% raise in 5 years, saved between 20-40% of my salary every month, didn't buy a new car, etc.), so I can bail out these guys. It makes me feel good to help them with my money. I doesn't matter that this will keep housing artificially high, so I can't buy a house, prevent me from retiring, etc.
fathersez
· 1 year ago
Congrats on the radio show thing.
On the bailout, good luck to all you guys. Maybe this can be likened to asking the fox to guard the chickens.
Just hope that good sense will prevail in the end.
All Comments
I'm just glad I made good financial decisions for myself (didn't buy an over priced house, didn't get an ARM loan hoping I would get a 50% raise in 5 years, saved between 20-40% of my salary every month, didn't buy a new car, etc.), so I can bail out these guys. It makes me feel good to help them with my money. I doesn't matter that this will keep housing artificially high, so I can't buy a house, prevent me from retiring, etc.
On the bailout, good luck to all you guys. Maybe this can be likened to asking the fox to guard the chickens.
Just hope that good sense will prevail in the end.