Bye Bye Banks and Wall Street

[Ghoulish Delight]

Originally Posted by BarTopDancer

What happened to the saying "when something is to good to be true it probably is?"

What happened to it is that it's a nice little platitude, but reality is not platitudes. It's just a wee bit more complex than Bartlet's Book of Quotations.

Look what's happening. "Our economy is basically soun......what? It's the BANKS that are losing money?! Oh sh*t, open the coffers!!"

I can't possibly say this any more clearly - I do not want consumers who made poor decisions off the hook any more than I want the sheisters with the money off.

But the reality is, we're dug in deep and we're going to need to do some backfilling, to use a mediocre analogy. It'd be nice if they backfill and get the playing field back to even instead of digging the dirt from the low side onto the high side. Because as long as someone in a two sided deal has absolutely nothing to risk, people are going to get taken advantage of, putting the value of MY home at risk.

[BarTopDancer]

Originally Posted by Ghoulish Delight

What happened to it is that it's a nice little platitude, but reality is not platitudes. It's just a wee bit more complex than Bartlet's Book of Quotations.

Thanks (and thanks to Alex and Moonie too). I am trying to understand this in the scope that it is. I get why it's happening, trying to understand the different thoughts of fixing it.