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Forums - General - Stocks Surge on Bank Plan for Toxic Assets

these threads are all the same now, a bunch of angry bitter people whining because Obama had the audacity to do something other than what they think he should do



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i think this will benefit a lot of people. mainly the citizens of the US that have the mortgages.



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Amazing discussion about being wrong
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ssj12 said:
i think this will benefit a lot of people. mainly the citizens of the US that have the mortgages.

 

It doesn't do anything for those people. They still pay there mortgage just the same. If they don't, the get foreclosed on, just the same.

The only thing that will change for them, is who they write the payment too.

Who this helps, is the banks. Who it hurts, is everyone else.



SciFiBoy said:

these threads are all the same now, a bunch of angry bitter people whining because Obama had the audacity to do something other than what they think he should do

 

lol, you mean to do the same thing Bush did, but worse?

Spend money we don't have on things we can't afford. Yay for change.



random user: I like what Obama is doing
Mafoo/Kasz: No, Obama is wrong, because _______________________



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TheRealMafoo said:
ssj12 said:
i think this will benefit a lot of people. mainly the citizens of the US that have the mortgages.

 

It doesn't do anything for those people. They still pay there mortgage just the same. If they don't, the get foreclosed on, just the same.

The only thing that will change for them, is who they write the payment too.

Who this helps, is the banks. Who it hurts, is everyone else.

 

But the government will probably be able to adjust the mortgages to affordable and balanced rates making it so that people wont have to foreclose at all.



PC gaming is better than console gaming. Always.     We are Anonymous, We are Legion    Kick-ass interview   Great Flash Series Here    Anime Ratings     Make and Play Please
Amazing discussion about being wrong
Official VGChartz Folding@Home Team #109453
 
ssj12 said:
TheRealMafoo said:
ssj12 said:
i think this will benefit a lot of people. mainly the citizens of the US that have the mortgages.

 

It doesn't do anything for those people. They still pay there mortgage just the same. If they don't, the get foreclosed on, just the same.

The only thing that will change for them, is who they write the payment too.

Who this helps, is the banks. Who it hurts, is everyone else.

 

But the government will probably be able to adjust the mortgages to affordable and balanced rates making it so that people wont have to foreclose at all.

 

The government is not running the mortgages. The private investment firm is. They might have reason to do what you say, but I suspect will only do so if it servers there interest.

Here is a good read on a economists vision (same as mine actually).

http://ac360.blogs.cnn.com/2009/03/23/will-the-geithner-plan-work/



SciFiBoy said:
random user: I like what Obama is doing
Mafoo/Kasz: No, Obama is wrong, because _______________________

 

When he's wrong, he's wrong. When he's right, he's right.

He has yet to be right on anything economically related however. He has been right on other things though (like stem cell research).



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Why Do People Invest In Stocks?

People invest in stock market for various reasons, however the two most common reasons are:

1. Making investments aimed at realizing his long-term financial goals.
2. Some investors will just make an investment because they see some of their friends investing in the market

Therefore, in order to attain this, the key is to undertake a logical and a planned approach to investments.



ssj12 said:
TheRealMafoo said:
ssj12 said:
i think this will benefit a lot of people. mainly the citizens of the US that have the mortgages.

 

It doesn't do anything for those people. They still pay there mortgage just the same. If they don't, the get foreclosed on, just the same.

The only thing that will change for them, is who they write the payment too.

Who this helps, is the banks. Who it hurts, is everyone else.

 

But the government will probably be able to adjust the mortgages to affordable and balanced rates making it so that people wont have to foreclose at all.

 

by the way, there is another government program to do what your suggesting, It's website is here:

http://makinghomeaffordable.gov/

The thing revealed today however, won't do that.