Thread: McCain Should Get Credit For This

Originally Posted by Dr.Knuckles

The feds bailed out the lenders?


THE LENDERS???????


The Lenders??????????????


How mighty classy of them.

Shouldn't have bailed out anyone. Rising tides lift all boats, true enough. Taking on too many deadweights will sink some of them, and that's a lesson that has to be seen once in a while.

Originally Posted by Freedom for All

Letting the market solve it's own problems is the most concrete of possible plans.

The people that borrowed money responsibly shouldn't be taxed to bail out the wastrels.

The people that borrowed money responsibly shouldn't have their dollar devalued to bail out the banks.

What's so hard to understand about that?

Agreed!

Originally Posted by Freedom for All

Edit: Here's a real issue, too. By the time any of these clowns are sworn into office, and by the time any of their proposals are implemented into law, the whole sub-prime lending "crisis" will be over.

Not sure about this. The depth of this far beyond what you are hearing about in the MSM. Since the fed will intervene like crazy until at least election day, guess "sworn in" is the operative phrase.

Unless McCain says that Fed should not have intervened to the tune of almost $300 billion, then he deserves no credit. In the last few weeks the Fed has literally changed their charter lending practices. Wish I could borrow at 2.5% with virtually no collateral.