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The Street on Welfare

Discussion in 'Political Discussion' started by weswelker#83, Mar 18, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Last edited: Mar 18, 2008

  2. mgcolby

    mgcolby Woohoo, I'm a VIP!!! PatsFans.com Supporter

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    So democrats aren't capitalists? There are no liberal capitalists?

    And ask Russia how socialism worked out for them.
     
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Nice they did it, but wonder how many people would benefit if they pumped the same amount into helping people with their mortgages who are in danger of default...
     
  4. BelichickFan

    BelichickFan TB12, BB = G.O.A.T.s PatsFans.com Supporter

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    I'll take some too :)

    Look, I don't pretend to be a financial expert enough to understand all the ramifications of what the fed has to do and to consider. Is Wall Street on welfare ? I don't know, although with a huge number of people leaving their 401Ks/IRAs in the market too late in life, Wall Street is also part of Main Street.

    But there should be very limited help to people who invariably bought too much house and propping up those prices prices new, young buyers out of the market.
     
  5. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    OTOH many were seduced by the lure of mortgage companies and the american dream.. it was all too simple and a lot of people have mortgages who should not have them, a lot were too dumb to realize that variable mortgages are not in their best interest. without regard it is a lot of money to guarantee to keep this company liquid.. fortunately I am far removed from that, but I know a few who are and it creates tremendous stress.
     

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