You article is right on. Government bailouts expanding to now include homebuilders, capitalism is dead and gone.
The ironic thisng about the bailout is that this will hurt the strong builders in the future as the weak companies will be kept alive. When times finally get better there will again be a glut of inefficient companies all competing against each other. Toll would be better off telling the government not to bailout the housing industry. Toll has a strong balance sheet and would survive while many of their competitors would not. This would have eventually been a boom for Toll. How foolish of Bob Toll to think so short term and beg for money.
Our founding fathers are rolling in their graves to see such action by our government. The country was built on capitalism. Shame on the government for these bailouts and shame on them for destroying the country. Let me add one more shame.....Shame on the people (AKA taxpayers) for voting these incumbents back in. That is the biggest disgrace.
-
You article is right on. Government bailouts expanding to now include homebuilders, capitalism is dead and gone.
Dec 05 14:33 pm
|Rating:
+1
0
All Comments by WD »Toll Brothers: Are They Serious? [View article]
The ironic thisng about the bailout is that this will hurt the strong builders in the future as the weak companies will be kept alive. When times finally get better there will again be a glut of inefficient companies all competing against each other. Toll would be better off telling the government not to bailout the housing industry. Toll has a strong balance sheet and would survive while many of their competitors would not. This would have eventually been a boom for Toll. How foolish of Bob Toll to think so short term and beg for money.
Our founding fathers are rolling in their graves to see such action by our government. The country was built on capitalism. Shame on the government for these bailouts and shame on them for destroying the country. Let me add one more shame.....Shame on the people (AKA taxpayers) for voting these incumbents back in. That is the biggest disgrace.