US Government considering paying people's mortgages

[Viper1]

Sardauk said:

Viper1 said:

superchunk said:
Oh how I love all you 'wise' presumably conservative folks.

I think a few of you need to read history of the Great Depression and what steps caused it to get far worse and which ones caused it to eventually recover and put US into an eventually massive growth.

It is precisely because some of us know our history and economics that we are scolding our government for their actions.

 

Let the market be a market.   It's a perpetual motion machine with self healing properties provided you get the hell out of the way and let it work. 

Isn't it that kind of "self regulating market" attitude that created the crisis ?

Self-healing.... yeaah that is easy to say...

 

Paying people morgtgages seems a bit extreme anyway...

Uh, no...the "free market" hasn't been a real free market in a long time so how can that have been the problem?   The problem was government intervention with price fixing and injection of unwarranted credit.