I don't like the idea of these bail outs either; especially because some people got greedy and made money off the "easy credit" and now we are left holding bag.
Regarding bad mortgage issue, I know that it's both lenders and borrowers fault that led us to this mess. But, if I am the authority who's bailing out these banks, I wouldn't hessitate forcing them to re-write some of the bad mortgages/loans so that there will be less default (i.e, converting adjustable and interest only mortgages to something reasonable, may be a fix at 1% higher than normal fix rate [yes, the banks will have less profit and the borrowers will have to pay for it too]). I don't see anything wrong with forcing the banks to take less profit for the good of the economy at this point.
Jim
· 1 year ago
Obama's children should take precedence over being president. It's a much harder job, and his spouse has a career.
Steve
· 1 year ago
Obama doesn't have a 5-month old with Down's syndrome. I think to be president you have to admit that your children are not, really, your first priority. In all fairness Michelle probably will quit her job if he gets elected.
Jim
· 1 year ago
Wait, one link says "you can’t destroy your own life and career for the sake of the kids" but you think Palin should pass up a chance for a major promotion? Next you'll be telling us the best thing a single mom can do for her kids is to stay home collecting welfare.
Steve
· 1 year ago
Jim, you'll notice that the link about you're mentioning is my summarization of what FT said. I'm saying he makes a good case, but I don't agree with it. Palin should pass it up if she's as much of a "good mom" as she claims. As I said, a 5-month old with Down's syndrome is not a simple situation (not to mention a soon-to-be-17-year-old mother in the home). If a single mother had a 5-month old with Down's syndrome and 4 other kids, yeah, she probably would be better off staying home collecting welfare. Good thing Palin didn't get any kind of handouts, like a presidential candidate tapping her solely because of her gender, eh?
fathersez
· 1 year ago
Thanks for the link, Steve.
May do us all some good to look at the mountains than to read the current financial press.
All Comments
I don't like the idea of these bail outs either; especially because some people got greedy and made money off the "easy credit" and now we are left holding bag.
Regarding bad mortgage issue, I know that it's both lenders and borrowers fault that led us to this mess. But, if I am the authority who's bailing out these banks, I wouldn't hessitate forcing them to re-write some of the bad mortgages/loans so that there will be less default (i.e, converting adjustable and interest only mortgages to something reasonable, may be a fix at 1% higher than normal fix rate [yes, the banks will have less profit and the borrowers will have to pay for it too]). I don't see anything wrong with forcing the banks to take less profit for the good of the economy at this point.
May do us all some good to look at the mountains than to read the current financial press.
Cheers