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Teetering on the brink of the new Depression
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grufty jim
grufty jim
1978 posts

Re: Teetering on the brink of the new Depression
Sep 23, 2008, 18:28
Damn! I had a long involved (and potentially rather dull) response all typed out and the browser crashed. Bastid thing! I really can't be arsed to type it all again, so the condensed version is as follows...

stray wrote:
This wouldnt work, would take too long (the market would *poof* vanish in the meantime), would cost even more, and would put even more money into the pockets of those responsible.


You may well be right, stray. But there is one single factor that makes me think that something along the lines of my suggestion should be attempted... which is: I don't think this bail-out is going to work.

And let's face it, that's a good enough reason to try something -- anything! -- else.

So given the choice between two bail-out plans which may not work, I will choose the one that prioritises the homeowners, rather than the one that prioritises the financial sector.
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