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Conspiracies & Cover-ups
The implosion is accelerating; prepare while you can
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<blockquote data-quote="Harte" data-source="post: 33818" data-attributes="member: 443"><p><strong>Re: The implosion is accelerating; prepare while you can</strong></p><p></p><p></p><p> Jurgen,</p><p> </p><p>While it's true there are many desolate properties in the U.S., it's absurd to try and characterize the financial crisis in those terms.</p><p> </p><p>I haven't claimed that the government will make money. I'm stating that much of the money will be recouped by mortgages being paid off or by foreclosures and sales.</p><p> </p><p>Many firms in need of help are being adversely affected by <strong>market forces alone</strong> and hold few or even <em>no</em> subprime or delinquent mortgages.</p><p> </p><p>Your example of vacant, damaged properties is just <em>one</em> way the government stands to lose money on this deal.</p><p> </p><p>However, with the bill coming in at around 700 billion initially, I thought it made sense to point out that the actual costs should be much, much less than this, just as it was with the RTC.</p><p> </p><p>Harte</p></blockquote><p></p>
[QUOTE="Harte, post: 33818, member: 443"] [b]Re: The implosion is accelerating; prepare while you can[/b] Jurgen, While it's true there are many desolate properties in the U.S., it's absurd to try and characterize the financial crisis in those terms. I haven't claimed that the government will make money. I'm stating that much of the money will be recouped by mortgages being paid off or by foreclosures and sales. Many firms in need of help are being adversely affected by [B]market forces alone[/B] and hold few or even [I]no[/I] subprime or delinquent mortgages. Your example of vacant, damaged properties is just [i]one[/i] way the government stands to lose money on this deal. However, with the bill coming in at around 700 billion initially, I thought it made sense to point out that the actual costs should be much, much less than this, just as it was with the RTC. Harte [/QUOTE]
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The implosion is accelerating; prepare while you can
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