Comments on: US Banking Intervention http://www.earthsharing.org.au/2008/09/19/us-banking-intervention/ Opportunity and Equity Sat, 04 Feb 2012 02:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dan http://www.earthsharing.org.au/2008/09/19/us-banking-intervention/comment-page-1/#comment-250 dan Fri, 26 Sep 2008 21:16:53 +0000 http://www.earthsharing.org.au/?p=468#comment-250 HI guys. We now have our very own bailout here. Even though we don't have a bubble and our financial system is in fantastic shape the government has decided to buy the worthless mortgages of the non banks at face value so they can continue to lend people more than they can afford to repay so they can pay more than houses are worth. There is no bubble but it must be propped up with government (your) money because if it stops we will all have to stop pretending that house price gambling is a productive activity. Get writing to politicians and newspapers. Some of us have started here: http://bubblepedia.net.au/tiki-view_blog.php all the best, keep up the fight d HI guys. We now have our very own bailout here. Even though we don’t have a bubble and our financial system is in fantastic shape the government has decided to buy the worthless mortgages of the non banks at face value so they can continue to lend people more than they can afford to repay so they can pay more than houses are worth.

There is no bubble but it must be propped up with government (your) money because if it stops we will all have to stop pretending that house price gambling is a productive activity.

Get writing to politicians and newspapers. Some of us have started here: http://bubblepedia.net.au/tiki-view_blog.php

all the best, keep up the fight

d

]]> By: Petrol Play « I Want To Live Here http://www.earthsharing.org.au/2008/09/19/us-banking-intervention/comment-page-1/#comment-241 Petrol Play « I Want To Live Here Thu, 25 Sep 2008 05:08:32 +0000 http://www.earthsharing.org.au/?p=468#comment-241 [...] some more serious issues we’ve covered of recent: Pumped Money Supply - No Wonder Oil Peaks US Banking Intervention video Bailout brings US Hegemony to its knees Can the US Treasury learn from [...] [...] some more serious issues we’ve covered of recent: Pumped Money Supply – No Wonder Oil Peaks US Banking Intervention video Bailout brings US Hegemony to its knees Can the US Treasury learn from [...]

]]> By: Alanna http://www.earthsharing.org.au/2008/09/19/us-banking-intervention/comment-page-1/#comment-228 Alanna Fri, 19 Sep 2008 17:41:29 +0000 http://www.earthsharing.org.au/?p=468#comment-228 Hey,Earthsharing,thanks for keeping us up on the latest Big Thoughts. You seem to know how to shine the light during very dark times. Hey,Earthsharing,thanks for keeping us up on the latest Big Thoughts. You seem to know how to shine the light during very dark times.

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