Quote:
Originally Posted by nynor
mortgage bailout - let's see if i got this right....
those that overextended on their mortgages, and are foreclosing, are going to get their bills paid by you and me!?
|
Well, you've got it partly right.
You have to add in your and my kids... and their kids... and even further on down the line if it keeps up.
A lot of economists look at the way this is shaping up and say this is just the beginning of "bailout fever." They predict the automakers will be coming back for more and expect other industries to do the same... along with the states, who are rapidly running out of money to keep sending out unemployment checks.
You think it sucks now... it's gonna suck a lot more before it's over... and nobody knows how long that will take.
As Bette Davis said... "Fasten your safety belts. It's going to be a bumpy night."
Also... as many have said... "Keep your powder dry."