Why should U.S. Taxpayers bail out the greedy mortgage brokers? How do you know that some of these foreign?

Deal Score0

-owned corporations aren’t deliberately making bad loans because mortgage loans are government backed and this would allow them to steal from the U.S. Citizens via organized crime? China has threatened to sell off U.S. Treasury Notes and U.S. Bonds and we know many foreign corporations own business in the U.S. A. and contract with the government. Isn’t this tantamount to treason on behalf of the U.S. Government and literally taking money out of the hands of U.S. Citizens? Why should we bail out the stupidity of the subprime lenders? Do they bail us out? No, they simply take our houses and our money. We’re still paying for the S&L bailout. I say let them sink. I don’t give a rat’s butt what happens to them. The U.S. Citizens will rebuild and will save the country — not the government — it can’t even do its job as is evidenced by the failure to ensure safe infrastructure, safe food, deal with illegal immigrants etc. Why not let the business pay for its own mistakes?

4 Comments
  1. Reply
    Adam L
    February 16, 2011 at 10:41 pm

    Erm, your facts are a little screwed up.

    1) Noone is offering to buy out or bail out the subprime lenders.
    2) Subprime loans are not purchased by any government entity or corporation. Freddie Mac/Fannie Mae won’t buy them.
    3) China selling all their T-bills would hurt them a great deal as well.

    –>Adam

  2. Reply
    SPIFIMAN1
    February 16, 2011 at 10:59 pm

    Actually, I agree. Let them fail like any other business that makes stupid decisions.

  3. Reply
    Wah!
    February 16, 2011 at 11:48 pm

    Try telling you theory to five of my friends who have had their mortgage company go bankrupt. there is no backing from the governmnet. The whole idea of the subprime market is to tap potentially good paying people, who made one large mistake early in their lives, and now have to pay it back in the form of ultra high interest rates.

  4. Reply
    P J
    February 17, 2011 at 12:01 am

    They should not anymore than they should bail out the GREEDY borrowers from the subprime lenders.

    Leave a reply

    Register New Account
    Reset Password