The Unintended consequences of Project Lifeline.

  • Thread starter Thread starter TRGLDTE
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The rest of us are going to end up paying for it. Also, the people being bailed out still won't have learned anything about sound financial management.
 
Project Lifeline doesn't really do anything. All it does is stave off the inevitable unless a homeowner can convince a bank not to foreclose, something I'm sure the homeowner has tried to work out already.

It's just window-dressing.
 
Thorn said:
The rest of us are going to end up paying for it. Also, the people being bailed out still won't have learned anything about sound financial management.
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Of course, because if the consequences aren't that a person dies, they learn nothing. That's just common sense.
 
Yes, this was ALL THE FAULT OF THE HOMEOWNERS. God knows, the fact that it happened after we deregulated the industry was just a coincidence.
 
Watermark said:
Yes, this was ALL THE FAULT OF THE HOMEOWNERS. God knows, the fact that it happened after we deregulated the industry was just a coincidence.
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You're just being stupid now.

If you enter a contract that you cannot reasonably expect to meet payments on, then it is obviously, unquestionably no one's fault but your own.
 
Of course, they entered into the contract with it plainly stating "You will not be able to afford this in three years". How could they not of? It was so obvious, and no one should of done it. It's just a goddamn coincidence that it happened to such a massive load of millions and millions and million and millions of people after we let the loan sharks out to feed.
 
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Watermark said:
To show them fiscal responsibility, we should sell their houses and give all the money to the lenders.
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If the government pays the lenders what is owed in each case, then the taxpayers as a whole bail them out, and lenders and homeowners alike walk away with the lesson that they can make irresponsible loans and enter into irresponsible contracts without repercussion and they will be bailed out for it.

If the government orders the lenders to absorb the cost of the payments themselves, then the citizens who invested in the mortgage industry are forced to pay the cost, which would hardly help their already troubled situation.
 
We have now found an area where your ignorance is entirely undisguised.

I don't think there is even a point in continuing with you on this.
 
If the government pays the lenders what is owed in each case, then the taxpayers as a whole bail them out, and lenders and homeowners alike walk away with the lesson that they can make irresponsible loans and enter into irresponsible contracts without repercussion and they will be bailed out for it.
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Why do conservatives think that the human mind is like that of a dog?

If it was truly just the "stupid people" "being irresponsible", then we should see massive mortage failures all the time, to everyone, not ONLY WHENEVER WE DEREGULATE THE INDUSTRY. Use some fucking common sense. Cause and effect. One thing led to the other. There's a reason we had banned this kind of a loan before. If we keep on allowing it, there will always be massive mortage failures. THis isn't just stupid people, this is regular people. Everyday people, like you and me.
 
Okay playing along with your ignorance for a moment:

Why should we see "massive mortgage failures all the time, to everyone"?
 
Epicurus said:
Okay playing along with your ignorance for a moment:

Why should we see "massive mortgage failures all the time, to everyone"?
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1. There is no mortage problem in the US.

2. We deregulate the industry

3. Massive mortage failures start happening.


Well, I guess it's just because of irresponsibility, only reason for that cause and effect pattern.
 
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