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Update on the Bailout – Part II

By: Tom Vanderwell, Straight Talk About Mortgages, Post Archive, RSS Feed
Posted: Monday, September 29th, 2008, 12:45 pm MST
Category: Group Therapy

It Failed.

I’d like to consider this an open thread – now what do “we” do?

I’ll throw some ideas out there, but I want to hear from others first.

Tom

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    • 13 comments

    13 Comments so far

    1. Ryan Ward September 29th, 2008 12:49 pm

      Kill Sabanes-Oxley, cut capital gains and insure them instead of buy them.

      http://www.ryanwardrealestate.com/WordPress/an-easier-fix-insure-subprime-the-way-the-government-insures-fha/

    2. Ryan Ward September 29th, 2008 12:52 pm

      Sorry, typo – supposed to say Sarbanes…

    3. Barry Bevis September 29th, 2008 12:53 pm

      I think this quote may show the silver lining in the cloud…
      “We’re all worried about losing our jobs,” Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. “Most of us say, ‘I want this thing to pass, but I want you to vote for it — not me.’

      Its still all politics but at least they are worried about getting voted out!

    4. Michael Cook September 29th, 2008 1:25 pm

      Is cry large sad tears an option?

    5. Dave September 29th, 2008 2:26 pm

      Let it ride.

      Ask yourself: do you truly believe in free markets, or not?

    6. Smithers September 29th, 2008 5:56 pm

      “Is cry large sad tears an option?”

      Sorry, there’s no crying in banking.

      (but hard drinking would be ok … )

    7. Thomas Johnson September 29th, 2008 8:19 pm

      @ Smithers No credit at the Bull & Bear. The Lehman boys are not buying and the Merrill guys are trying to make it on a bank teller’s salary.

    8. Thomas Johnson September 29th, 2008 8:21 pm

      The difference between a bond trader and a pigeon?

      The pigeon can still make a deposit on a BMW.

    9. Unzipped Mortgage Rates Report: September 29, 2008 | Mortgages Unzipped September 29th, 2008 8:36 pm

      [...] Well, it failed. [...]

    10. Wine Dog September 30th, 2008 5:59 am

      You put on your big boy pants and go sell a house. What else would we do? ;)

    11. Darren Kittleson September 30th, 2008 6:24 am

      I agree with Wine Dog. Of course AP stories like one I saw this morning stating house prices could fall another 18% because of this certainly won’t spur anything.

    12. Pasadena Mortgage Rates Report: September 29, 2008 | Pasadena California Real Estate Market Resource October 31st, 2008 2:20 pm

      [...] Well, the Bailout Bill failed. [...]

    13. Pasadena Mortgage Rates Report: September 29, 2008 | Pasadena CA Real Estate Homes December 12th, 2008 11:40 am

      [...] Well, the Bailout Bill failed. [...]