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	Name:	MartiniMan -
	Subject:	Silly Analysis
	Date:	10/9/2008 12:27:20 AM

I understand where the statement came from but they are trying to communicate with people that have a 3rd grade understanding of economics. I was trying to explain this in a more sophisticated way. By the way, granted people only stay in their homes for an average of 7 years but if you look at an amortization schedule it is close to 100% interest over those seven years and then they still have to pay back the principal. MY WHOLE POINT IS THE STATEMENT IS MISLEADING AND OVERSTATES THE POTENTIAL LOSSES!

As for me being for this, as I said in other posts some very fiscally conservative congressmen have stated that we need to do this or something similar to create liquidity and stabilize home prices. I find it funny that Obama allegedly had the same idea until McCain promoted it and all of the sudden they are concerned about the taxpayer paying for these loans. Let's see, they want the taxpayer to pay for everyone's health care, unemployment benefits, child care, and on and on but they are opposed to trying to stem the current economic problems? Give me a break!

As for giving the $700B a chance to work I assume you have been watching the stock market since this brilliant piece of legislation was passed? My guess is that nothing is going to happen with this proposal anyway as Dems benefit electorally when bad things happen to this country so you will get your wish.