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Originally Posted by wiphan
The companies that made the bad loans have already been hurt and they are paying dearly for the fiscal irresponsibility that lead most of them into the situation. The problem is that there are no investors for very good, creditable consumers/businesses due to the issues and problems in the market place. Without the government stepping in and buying a lot of these investments, good honest businesses and consumers will not be able to obtain the financing that they normally could get. The government could actually profit by buying up these securities and some estimates are anywhere from $1-3 trillion yes trillion dollars in profit, by buying and holding these investments; however this depends on what price they buy them at. There is a liquidity crisis in the market that is affecting all financial institutions no matter if they ethically or unethically offered financing. The bailout is not all about letting bad businesses out of their fiscal irresponsible decisions.
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"but there's just no point in trying to predict when the narcissits finally figure out they aren't living in the most important time ever."
hi im god quote
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09-29-2008, 03:46 PM
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