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Socialism cannot compete! is a
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THANK YOU!!! Bailouts = socialism...and that does *not* solve the problem...it only shifts the burden. It reduces the risk on the offenders, thereby making it likely they will reoffend! Meanwhile...you and I pay for others' mistakes...and *we* therefore have less to invest in *other* areas.
Sep 05 15:08 pm
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All Comments by Socialism cannot compete! »Bill Gross' Bailout Call: Wise Man or Fool? [View article]
Let the failures happen. It's the only way to get housing priced where it should *really* be...thereby making it actually affordable for the middle class without the level of default risk that is entailed by purchasers in over their heads due to inflated home prices. As someone who has waited to purchase until pricing adjusts...it is patently unfair to see the government bailouts prop up inflated prices!