US Government considering paying people's mortgages

[nordlead]

Sardauk said:

king_of_the_castle said:

Banks making terrible loan decisions are one of the main causes of the recession....just b/c they are regulated doesn't mean they can't squander money.

No because when the governement becomes the biggest investor (even temporaly), they have seats in the steering comitee.

Simple...

Did you know that the government likes to hire 2 people to push the same button over an 8 hour shift in case one gets tired? They also refuse to replace that button pusher with a machine, and to top it off, that button pusher can only push 1 button, but not the other button 5 feet away from him.

I know, because I work with the government. At a typical test, we might send 2 people, while the government sends 50, but could easily run it with 10. They are also massivly in debt and don't know where to cut costs. I could save you millions per year, just by cutting jobs to highschool grads who never made anything of themselves but they get paid more than I do to push 1 button and then have a cookout every night.

So what makes you think the government will make smart decisions about bank loans?