"katy" wrote in message
. com...
Capt. JG wrote:
"Dave" wrote in message
...
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign
interests in
hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.


Based on what? One sentence in the CBO report? Still waiting for you to
give us suggestions about how to get out of the financial mess caused by
Bushco. So far, all I've heard from you is how terrible the liberals are
doing or will do.


One thing they should do is stop trying to free up more credit...people
cannot borrow when they have no money to repay..that's what got us into
this in the first place..people borrowing what they never could or
intended to repay...extending more credit is certainly no answer...


No one wants people borrowing money they can't repay, and it was certainly
part (but not all) of the problem. Another part of the problem was bundling
these unstable loans and reselling them over and over. That magnified the
problem. There was little or no regulation, and despite Dave's assertions to
the contrary, a big part of that problem was lack of regulation and/or lack
of enforcement (e.g., Madoff is a great example of the latter).

I think you believe that the relm of "freeing up credit" is reserved for
individual consumers, especially those who don't have money. This is not the
case. It's a much bigger problem for those who have decent credit and want
to buy a car, say from GM or from the RV company in the town Obama visited
recently, and it's even a bigger problem for small businesses who can't get
the credit they need to run their business.

Banks don't want to make loans... to anyone. This is a huge part of the
problem.

--
"j" ganz @@
www.sailnow.com