why cant we try this fix.....

[perfectscore]

instead of buying bad mortgages, why cant our govt send people to work or fund companies to tear down abandoned and desolate houses, return all the copper, brass, zinc and other commodities, bring supply and demand in balances faster, so many houses were built that didn't make sense, bad locations etc.....why not just tear them down and start the game over???????


after the tech bubble burst, tech companies had billions and billions of unused inventory sitting on their balance sheets, u not what they did??? The walked to the nearest dumpster and threw it away and wrote the whole thing off......"what inventory" next quarter we dont have enough inventory to meet demand", "things are looking better" meanwhile, ten years of obsolete gear was being hauled by waste managment.

[Big Fish Billy]

What don't we call it.........Jewish Lightning....

[perfectscore]

Originally Posted by Big Fish Billy

What don't we call it.........Jewish Lightning....

i am not saying that the insurance companies should be stuck with it, that's what j lightening is about, I am just saying put more people to work to take apart of they part together, and meanwhile return balance to a bloated and unbalanced system, the financial industry wil take years and years to return to normalcy without housing getting healty.

[hubris 1]

i think thats exactly what would have happened. values would have gone down to what they should be. and it would have created opportunity. instead they put bubble gum in a hole in the bottom of the boat. screw it, let it sink.........and build a new one at the bottom of the market. cant wait till obamanation becomes president. hes got a fix for this....more govt.