Banks, Credit Unions, and Fees: Oh my!

[joecct]

Re: Banks, Credit Unions, and Fees: Oh my!

Yep. And much of the bank 'bailout' was in the form of stocks...and yes, we taxpayers did just fine on our investment. GM did cost taxpayers...but even there, what would have been the cost of the employees of GM and its suppliers being out on the streets. Its not the way this country should ever conduct business...except for when the country is at severe risk of our economy crashing.

Instead of giving the banks loads of dough, what if we bought the bad paper at 10 cents on the dollar? Of course, that would have made Uncle Sam the largest mortgage holder in the USA. I think it would have been less of a cash outlay and the net may have equaled out.

 

[FlagDUDE08]

Re: Banks, Credit Unions, and Fees: Oh my!

Instead of giving the banks loads of dough, what if we bought the bad paper at 10 cents on the dollar? Of course, that would have made Uncle Sam the largest mortgage holder in the USA. I think it would have been less of a cash outlay and the net may have equaled out.

We already do that. It's called Fannie Mae and Freddie Mac.

 

[Handyman]

Re: Banks, Credit Unions, and Fees: Oh my!

I was against the bailout as well, I just find it odd that the banks got their money but individuals are left out on the street (literally). The role of the federal government was not to back an 18-wheeler up to the US Treasury and move the contents to Wall Street either, but that's what happened. Any wonder that the people now ask, "What about me?"

As was I...basically the people who screwed up the World Economy got everything erased and everyone else got bent over. Why should the average person be personally responsible when entire companies were playing fast and loose with the rules and with money that wasn't theirs and they got a full reprieve? People lost their jobs and their homes (the latter often their own fault) but what did the real culprits lose? Maybe some paper wealth? (and that is up for argument as well) Did any of them get punished for what they did...nope. As with everything else the $h!t flows downward.

But hey, at least there wasnt a run on the banks because then they wouldnt have our money to screw up with they might have to play things on the up and up!

Remember banks are corporatoins and corporations are people...and since they are rich people they are better than you!

 

[Priceless]

Re: Banks, Credit Unions, and Fees: Oh my!

This seems rational.

Who is he?

Conservative fundraiser, consultant, and Principal at The Consultant Group

 

[Slap Shot]

Re: Banks, Credit Unions, and Fees: Oh my!

The fact is that we built too darn much housing in this country, and too much of it was in the high-priced "luxury" market. The price of those houses must come down - simple supply and demand. Propping up a bloated market only extends the time of misery. It's better to rip off that band aid and get started on the road to recovery now.

How to we start the road to recovery by making even more houses vacant than there already are in a market in which most of them will not be filled any time soon?

 

[Almington]

Re: Banks, Credit Unions, and Fees: Oh my!

How to we start the road to recovery by making even more houses vacant than there already are in a market in which most of them will not be filled any time soon?

Arson?

 

[pirate]

Re: Banks, Credit Unions, and Fees: Oh my!

Arson?

Think of all the firemen we could train.

How about amusement parks...Foreclosureland. "swimming pools, movie stars..."

Take upscale homes and make them government B&B's...at $29 a night.

Cruise missle practice for our Navy?

Military housing, what they live in now is terrible.

Hold giant garage sales and sell everything, including the garage. Let people buy doors, windows, cabinets, counters et.

Merge that 'hide the money' show with foreclosed houses...find the money, keep the house.

Instead of having that idiot build people houses behind a bus, put the people in the bus and move them to a house that is already built.

Make them mini-prison neighborhoods instead of building more prisons.

Combine three of these and let the navy shoot cruise missles at the prison neighborhoods and train firemen to put out the fires.

 

[FlagDUDE08]

Re: Banks, Credit Unions, and Fees: Oh my!

Think of all the firemen we could train.

How about amusement parks...Foreclosureland. "swimming pools, movie stars..."

Take upscale homes and make them government B&B's...at $29 a night.

Cruise missle practice for our Navy?

Military housing, what they live in now is terrible.

Hold giant garage sales and sell everything, including the garage. Let people buy doors, windows, cabinets, counters et.

Merge that 'hide the money' show with foreclosed houses...find the money, keep the house.

Instead of having that idiot build people houses behind a bus, put the people in the bus and move them to a house that is already built.

Make them mini-prison neighborhoods instead of building more prisons.

Combine three of these and let the navy shoot cruise missles at the prison neighborhoods and train firemen to put out the fires.

This is quite possibly the best thing I've read on this forum in quite a while.

 

[Priceless]

Re: Banks, Credit Unions, and Fees: Oh my!

Covington, Kentucky city commissioner Steve Frank (R) recently took to Facebook to rail against the Wall Street protesters who are spreading across the country. In a post on Oct. 9, he wrote, “Turn out the lights on the Occupiers, I feel like going Taliban on them!!!”

Interesting analogy.

 

[MinnesotaNorthStar]

Interesting analogy.

Sounds a bit harsh to me....