Comments on: Taxpayers Helping Bank Of America Finance Countrwide Deal http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/ "He who defends everything defends nothing." - Frederick the Great Fri, 19 Mar 2010 07:04:43 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: uuuthe http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/comment-page-1/#comment-15907 uuuthe Fri, 27 Jun 2008 03:28:48 +0000 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/#comment-15907 Brucewho is 100% correct. It's so sad what Bernanke did by taking OUR money and exchanging it with toxic debt. $30 B to be exact. The FEDs later bought up another $300 B in toxic debt to provide more liquidity to un-named financial institutions. This highly illegal activity is all going on right under our noses, and there isn't a thing we can do about it. All of that toxic debt made a few people very rich when they were selling those toxic loans. They got rich, and WE are paying for it. It's very disturbing. Brucewho is 100% correct.

It’s so sad what Bernanke did by taking OUR money and exchanging it with toxic debt. $30 B to be exact. The FEDs later bought up another $300 B in toxic debt to provide more liquidity to un-named financial institutions.

This highly illegal activity is all going on right under our noses, and there isn’t a thing we can do about it. All of that toxic debt made a few people very rich when they were selling those toxic loans. They got rich, and WE are paying for it. It’s very disturbing.

]]> By: brucewho http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/comment-page-1/#comment-15892 brucewho Thu, 26 Jun 2008 05:25:20 +0000 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/#comment-15892 Don't you all know it's the new Captialism? We Privatize the Profits, But Socialize the Losses. Suck it up America, it's a Win/Win for the Bosses! Don’t you all know it’s the new Captialism?

We Privatize the Profits, But Socialize the Losses. Suck it up America, it’s a Win/Win for the Bosses!

]]> By: LVrenter211 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/comment-page-1/#comment-15891 LVrenter211 Wed, 25 Jun 2008 19:41:15 +0000 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/#comment-15891 What's wrong with writing off losses? Profits are taxed, so losses should be deductible. Have you never sold a stock at a loss and taken it off your taxes? If so the taxpayers "helped finance" your trading losses. What’s wrong with writing off losses? Profits are taxed, so losses should be deductible. Have you never sold a stock at a loss and taken it off your taxes? If so the taxpayers “helped finance” your trading losses.

]]> By: Linenoise http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/comment-page-1/#comment-15883 Linenoise Wed, 25 Jun 2008 16:45:45 +0000 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/#comment-15883 I'm a "suburbanite". I get quite upset when they use taxpayer money - from those of us smart enough not to buy into the housing bubble - to cover these losses. Of course, what's really angering is that the money is REALLY going to save the bonuses and paychecks of the executives who run these companies. They should should be the first ones to cough up the cash. My scummy, trashy suburbanite opinion. And aren't you the same guy who in one sentence talks about corrupt homeownership, then in the next spouts some nonsense about stopping evictions - in other words, have everyone in the US stop making mortgage payments overnight? That's not even corrupt, that's simply theft. And since alot of this is happening BECAUSE people have stopped making house payments, there's some sort of weird, circular argument with yourself going on here.. I’m a “suburbanite”. I get quite upset when they use taxpayer money – from those of us smart enough not to buy into the housing bubble – to cover these losses. Of course, what’s really angering is that the money is REALLY going to save the bonuses and paychecks of the executives who run these companies. They should should be the first ones to cough up the cash.

My scummy, trashy suburbanite opinion. And aren’t you the same guy who in one sentence talks about corrupt homeownership, then in the next spouts some nonsense about stopping evictions – in other words, have everyone in the US stop making mortgage payments overnight? That’s not even corrupt, that’s simply theft. And since alot of this is happening BECAUSE people have stopped making house payments, there’s some sort of weird, circular argument with yourself going on here..

]]> By: jryskmpr http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/comment-page-1/#comment-15882 jryskmpr Wed, 25 Jun 2008 16:25:19 +0000 http://housingdoom.com/2008/06/25/taxpayers-financing-countrywide-deal/#comment-15882 Sorry- not in keeping with editorial standards. Twist Sorry- not in keeping with editorial standards.

Twist

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