I am very interested to see what everyone in the activerain community feels about this prospective Federal Buyout.  I understand that there may not be enough information out there to make a truly educated decision as it seems Congress keeps reshaping the proposed legislation.  Perhaps if we can comment on the overall idea of the government buying all of the toxic debt off the hands of banks large and small.  I think this could make for an interesting discussion.  To throw my hat into the ring, I feel that though it is not the responsibility of the American taxpayers to bail out businesses that are failing due to poor decisions, it is the responsibility of Government (officials elected by the taxpayers) to step in and protect the overall greater good.  By this I mean that if the government believes that the economy is on the brink of collapse, it show do what it must to save the country from a major crisis.  Let me know what you think....

 

Ted Komenda

 
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1 Comments on Osterville Real Estate Cape Cod MA Federal Buyout

OCT
03
2008
323,519 Points 5 Featured Posts Outside Blog

Ted, I think that if the banks are going to survive, then someone has to step in. With that said, I do not believe in a free pass. I also think that if people were made to pay the principle back instead of being able to wash away all debt with a BK, then we might not be here either.

10:33am • #1

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Ted Komenda

Osterville, MA

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Weichert Realtors Dunhill Group

Address: 776 Main St, Osterville, MA, 02655

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