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Originally Posted by Table 5
Honestly DIS, while i dont think it will give much to us middle-class folks, i really do think it will help from things being taken away. We are not gaining much with this bill, we are just ensuring we don't lose everything.
And that doesnt mean that all is a lost cause. Warren Buffet said he would TAKE ON 1% of the gov't buyout if allowed. This, the smartest investor in history, is willing to take this on to MAKE money. That has to count for something no?
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Warren Buffet hasn't been in the game to make money for a couple of years now. All of his endeavors have been philanthropic in nature, in fact I believe he had a press conference to announce that when he gave the Gates Foundation a bazillion. I think his motives are to stimulate the economy and help drive up confidence. Very admirable.
I see huge tax hikes in my near future to pay for this....and social security solvency...and entitlements for the poor. My hope is that they will actually try to fix the problem after they put this band aid on it.
Usually, though, the band aid stops the bleeding and they go on like nothing was ever broken in the first place.
10 years from now we'll see someone championing the cause of creative lending to help the poor achieve home ownership. It will be deja vu all over again.