Comments for Building of the Beast

Comment on Who Will Survive? by mentor24

mentor24 — Tue, 28 Oct 2008 05:29:27 +0000

I knew it! And interestingly I had just discovered SurvivalTopics in doing research just after writing this article. It is an awesome website. Tons of info. But I was looking for a way to network with others and didn’t find it. Is there a way to form that network within this site?

Comment on Who Will Survive? by SurvivalTopics.com

SurvivalTopics.com — Sun, 26 Oct 2008 01:11:06 +0000

Indeed there are many millions of us! And a network of others you can rely on when things get tough is worth more than gold.

Comment on How Much of the $700 Billion Bailout is YOUR Fault? by mentor24

mentor24 — Thu, 09 Oct 2008 00:34:03 +0000

Touche on the point about Bush, Tom. Give credit where due.

And as for your first point, if you got in over your head and are trying to pay it off then good for you; you are being part of the solution. That doesn’t mean you weren’t part of the problem in the first place. Anyone who bought a house irresponsibly during that time fed the frenzy. I take my share of the blame.

Comment on The Bottom-Up Bailout Solution by mentor24

mentor24 — Thu, 09 Oct 2008 00:27:23 +0000

Yes, Shawn. I think you’re echoing pretty much what I was saying. Glad I’m not the only one thinking this way.

Comment on How Much of the $700 Billion Bailout is YOUR Fault? by Tom Hanna

Tom Hanna — Tue, 07 Oct 2008 22:06:17 +0000

Great post, but here’s a little different way of looking at it. If you’re still willing to make the payments on the loan, then 0% of it is your fault - you paid a price you were willing to pay and you’re still paying it. People struggling to make their payments and still making them aren’t the ones to blame.

And by the way, Bush did see it coming, a year before you bought your house. He proposed increased oversight of Fannie Mae and Freddie Mac in 2003.

Comment on The Bottom-Up Bailout Solution by Shawn

Shawn — Wed, 01 Oct 2008 19:51:47 +0000

How about this, we know that the problem is that money is not flowing! So let do this Fix all the bad loans first second pay off debits up to 10K for all tax payers. Put it toward your mortgage or credit card debit.(no Cash) Also let’s fix the Credit card’s buy lowering the minimum payment on credit cards and stopping them from charging crazy fee’s. Now Let’s stop people that are not citizen’s of our country (the USA) from getting credit and homes in our country!

This will put money back in the system and pay off some debit’s and freeing up cash flow for all Americans.

Comment on The Bottom-Up Bailout Solution by Adjutor

Adjutor — Tue, 30 Sep 2008 23:17:09 +0000

So, it’s okay for something to be a form of socialism if a specific group of people benefits from it? Socialism can (and should) be objected to on philosophical grounds, but also on practical grounds. Socialism doesn’t work. It’s that simple.

Comment on The Bottom-Up Bailout Solution by Nate

Nate — Tue, 30 Sep 2008 21:14:38 +0000

I agree with the flaws you mention, and I add another.
Future generations will be saddled with this debt.
Who will pay the $700,000,000,000? With interest and overhead for this debt included, the total cost will come to something like one Trillion dollars.
It would be like the financial version of Iraq.