Mortgage Mods Coming
According to the WSJ, via Calculated Risk.
The good guys will get the shaft again, and will end up paying the bill for all of these bailouts. After all, they’re the only ones with any money left. As this commenter from CR puts it:
Lets give another handout to those in dire straights… great idea.
Those that have done the right thing, those most in a position to start spending money in the retail economy… screw-em.
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This whole mortgage mess and the socialist response to it, has me expecting a rise in what I call “grey market economics”. Need a shed built ? How about a trade for 1 beef cow and 3 goats ? Lets see’em try to “spread the wealth” on that.
Comment by Randal — 11/6/2008 @ 9:18 am
I think you’re offering too much for the shed. But it depends on the size of the shed, of course. If you’re keeping your gold and silver in it, it’ll have to be better than an ordinary shed.
Comment by Maria — 11/6/2008 @ 9:59 am