MarvinMBA

Even After the Bailouts, Housing is Still a Mess

Paulson, Bernanke and the White House encouredged this type of behaviour. If somebody making 10 bucks an hour and can buy a 400K house with an Alt A mortgage and intends to flip it who do you think made that opportunity possible??? Of course the average guy will take advange of the opportunity but who made that possible??? And should the investor that made this possible and took the paper should he be protected. Securitized paper should be just what it says...if there is a default get the underlying asset as compensation. Because prices dropped its not fair to bail out the investor...he made it possible in the first place. This Administration is now crying foul and save me and my iinvestor cronies....if we do it will only crate a super inflationary cycle and nothing will be accomplished for anyone except the investor that will probably move off to Switzerland.