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StoneGuitar

wrote:
On Wed, 24 Sep 2008 11:08:00 -0400, "D.Duck" wrote:

You do realize that the US treasury stands to *profit* from this bailout,
don't you?

People who believe in capitalism and democracy don't think governments
should make profits, or be in competition with private enterprise.
That's what communists do. Rather than the Government handing money
to these crooked institutions to replace the money now held by the
individuals who ran them, and took the money home, why not allow
mortgage holders to buy back their own mortgages at pennies on the
dollar? That would do more to stabilize the economey, and return
normalcy to people's lives. It would also preserve the value of
everyone else's homes, who is not in default.

Nice thought but will do nothing to fix overall bank credit problem.