Comments on: Government bailout? Government created this problem in the first place http://ivorytower.freedomblogging.com/2008/11/05/government-bailout-government-created-this-problem-in-the-first-place/31/ An editor's view from the Ivory Tower Sat, 07 Nov 2009 17:38:15 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jaime Garcia http://ivorytower.freedomblogging.com/2008/11/05/government-bailout-government-created-this-problem-in-the-first-place/31/#comment-252 Jaime Garcia Thu, 20 Nov 2008 02:08:52 +0000 http://ivorytower.freedomblogging.com/?p=31#comment-252 On this federal bailout. i got the perfect plan that would fix the economy. If we would buy more, Companys would make a profit and that would spark the economy, correct? Well bail us out therefore we can move on spending. Its Cheaper than giving GREEDY companys free money. Bail us out of our debt ,why not ? we are the ones that own the Countrys tax money arent we? On this federal bailout. i got the perfect plan that would fix the economy. If we would buy more, Companys would make a profit and that would spark the economy, correct? Well bail us out therefore we can move on spending. Its Cheaper than giving GREEDY companys free money. Bail us out of our debt ,why not ? we are the ones that own the Countrys tax money arent we?

]]> By: Jose http://ivorytower.freedomblogging.com/2008/11/05/government-bailout-government-created-this-problem-in-the-first-place/31/#comment-249 Jose Thu, 06 Nov 2008 22:19:23 +0000 http://ivorytower.freedomblogging.com/?p=31#comment-249 Of course, we can’t blame just the bankers. The government changed lending rules and restricted interest rates in order to make low-interest loans available to low-income people, “because they should not be deprived of the American Dream of owning their own home.” Sound familiar? I’ll bet your own legislator had uttered those very words in recent years when announcing some new government-guaranteed loan program. Banks charge higher interest to higher credit risks (when they can) because they know some people won’t be able to make the payments. The higher rate helps the banks absorb the losses when those defaults occur. RIGHT ON CARLOS, YOU ARE SOOOO RIGHT. It is good to see common sense in these blogs. Keep it up. HMMM... WAIT, I thought Bush was responsible for all this. Oh, yea, the election is over, and our man won, so we can stop the omission of the facts now ! Of course, we can’t blame just the bankers. The government changed lending rules and restricted interest rates in order to make low-interest loans available to low-income people, “because they should not be deprived of the American Dream of owning their own home.” Sound familiar? I’ll bet your own legislator had uttered those very words in recent years when announcing some new government-guaranteed loan program.

Banks charge higher interest to higher credit risks (when they can) because they know some people won’t be able to make the payments. The higher rate helps the banks absorb the losses when those defaults occur.

RIGHT ON CARLOS, YOU ARE SOOOO RIGHT. It is good to see common sense in these blogs. Keep it up.

HMMM… WAIT, I thought Bush was responsible for all this. Oh, yea, the election is over, and our man won, so we can stop the omission of the facts now !

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