The government is going to freeze sub prime mortgage rates for 5 years? What happened to the free market? I thought Republicans wanted people to take care of themselves.
2007-12-05 07:03:28 · 13 answers · asked by Zardoz 7 in Politics & Government ➔ Politics
Call Me Bwana - Then you agree it's just one more bad Bush decision?
2007-12-05 07:19:59 · update #1
Kelvinistic - I agree with you.
2007-12-05 07:21:15 · update #2
The government only agreed to it after "consulting" with banking representatives who did not what to end up having to put the losses of sub-prime foreclosures on their balance sheets. It's always better to delay the problem than to actually fix it.
2007-12-05 07:08:31 · answer #1 · answered by Anonymous · 4⤊ 0⤋
I believe that sub-prime mortgages are a good idea if you will only be in the house for a short time. These people knew what they were getting into when they signed the paperwork. On the other hand, this entire crisis is driving the economy down, and something needed to be done.
2007-12-05 15:09:43 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Republicans will do everything to stay in power even by neglecting the concerns of the people by freezing sub prime mortgage rates.
2007-12-05 15:10:01 · answer #3 · answered by FRAGINAL, JTM 7 · 2⤊ 1⤋
Maybe it was a typo and Republicans meant to say freeze Market Capitalism
It could be one of those mass hysteria events like War of the Worlds. Causing all Republicans to confuse Freeze with Free
2007-12-05 15:08:08 · answer #4 · answered by whirling W dervish 2 · 3⤊ 1⤋
I'm no fan of government interference in the marketplace.
It usually makes things worse, not better.
Please note that this is the "compassionate" (read: liberal) side of Bush, not the conservative side. Any reading of the Constitution and the words of those who wrote it would understand that "compassion" isn't the business of the federal government.
2007-12-05 15:18:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The people are taking care of themselves by freezing the sub prime markets.
2007-12-05 15:07:07 · answer #6 · answered by Anonymous · 1⤊ 2⤋
You make a good point. I suppose the liberals will blame Bush for helping the banks, but he is also helping the people who naively signed up for back loaded loans that would ratchet up and choke them. On the one hand, it is kinda nice to see ****** banks left holding the bag. On the other what about the people being forced out?
2007-12-05 15:15:35 · answer #7 · answered by Anonymous · 1⤊ 1⤋
At one time my father used an old saying" Why are there so many more horses a---s than there are horses? " The longer I live the more truthful the statement is. Looking at many of the answers to great questions on Yahoo Answers only confirms the question.
2007-12-05 15:13:37 · answer #8 · answered by googie 7 · 1⤊ 0⤋
The free market is dead- the tax payer is unknowingly bailing out insolvent banks the world over as we type- Corporate welfare like the world has never seen before-
2007-12-05 15:20:12 · answer #9 · answered by celvin 7 · 2⤊ 0⤋
No. They got the story mixed up. They are going to freeze all the Liberals, then thaw them out in 5 years. We then will show them how well everything turned out without them.
2007-12-05 15:14:47 · answer #10 · answered by Anonymous · 1⤊ 1⤋