Comments on: Defeating Homeowners: A Pyrrhic Victory for the Bankers http://www.debtonation.org/2009/05/defeating-homeowners-a-pyrrhic-victory-for-the-bankers/ Wed, 08 Feb 2012 08:39:46 +0000 hourly 1 By: Gregman2 http://www.debtonation.org/2009/05/defeating-homeowners-a-pyrrhic-victory-for-the-bankers/comment-page-1/#comment-988 Gregman2 Fri, 08 May 2009 05:53:19 +0000 http://debtonation.org/?p=2369#comment-988 Ann, Thank you for you persistence and dilligence in following this. I was so outraged I wrote to my representatives. The senators from my state were not among the 12 Democratic Members. I'm extremely angry, especially when I listen to what Simon Johnson has to say. Ann,

Thank you for you persistence and dilligence in following this. I was so outraged I wrote to my

representatives. The senators from my state were not among the 12 Democratic Members. I’m extremely angry, especially when I listen to what Simon

Johnson has to say.

]]> By: the.Duke.of.URL http://www.debtonation.org/2009/05/defeating-homeowners-a-pyrrhic-victory-for-the-bankers/comment-page-1/#comment-986 the.Duke.of.URL Mon, 04 May 2009 15:01:47 +0000 http://debtonation.org/?p=2369#comment-986 Hi Ann, I am not surprised by this, sadly. Paulson's and Geithner's plan was bank oriented and did nothing for job creation. If it didn't hurt the average person so much, I would be extremely pleased to see the bankers go bust. A similar myopia afflicted the rich during the Roosevelt administration in the '30s. They even attempted a military putsch, which failed because the general they thought they had in their pocket told a certain Congressional committee of their plan to oust Roosevelt. He named names. He was Smedley Butler. He hated Roosevelt, but loved democracy more. Democracy is down but hopefully not out. Hi Ann,

I am not surprised by this, sadly. Paulson’s and Geithner’s plan was bank oriented and did nothing for job creation.

If it didn’t hurt the average person so much, I would be extremely pleased to see the bankers go bust.

A similar myopia afflicted the rich

during the Roosevelt administration in the ’30s. They even attempted a military putsch, which failed because the general they thought they had in

their pocket told a certain Congressional committee of their plan to oust Roosevelt. He named names. He was Smedley Butler. He hated Roosevelt,

but loved democracy more.

Democracy is down but hopefully not out.

]]> By: Alan Smith http://www.debtonation.org/2009/05/defeating-homeowners-a-pyrrhic-victory-for-the-bankers/comment-page-1/#comment-984 Alan Smith Mon, 04 May 2009 06:43:43 +0000 http://debtonation.org/?p=2369#comment-984 Dear Ann, Reading your post, makes me so angry ,depressed & feeling hopless in the face of the bankers & politians - as there seems little that the general populace can do.I have never had a good opinion of politians , but recent years has eroded that opinion even more. Dear Ann,
Reading your post, makes me so angry ,depressed & feeling hopless in the face of the bankers & politians – as

there seems little that the general populace can do.I have never had a good opinion of politians , but recent years has eroded that opinion even

more.

]]> By: Fisco Inferno http://www.debtonation.org/2009/05/defeating-homeowners-a-pyrrhic-victory-for-the-bankers/comment-page-1/#comment-983 Fisco Inferno Mon, 04 May 2009 02:42:13 +0000 http://debtonation.org/?p=2369#comment-983 Interesting view, but misses a key point - the Government cannot in the end prevent house prices from falling either. Perhaps slow their decline at best. It cannot even keep interest rates from rising, as we're seeing now. And it most certainly cannot do both, tautologically. The bankers are far more likely to understand this than the credulous political agents managing the taxpayer's wealth. Perfectly rational to do what the bankers are doing...playing for time, funnel as much (personal) money as possible into Swiss/Singaporean bank accounts before the (now Govt-sponsored) ponzi collapses. Interesting view, but misses a key point – the Government cannot in the end prevent house prices from falling either. Perhaps slow

their decline at best. It cannot even keep interest rates from rising, as we’re seeing now. And it most certainly cannot do both,

tautologically.
The bankers are far more likely to understand this than the credulous political agents managing the taxpayer’s wealth.

Perfectly rational to do what the bankers are doing…playing for time, funnel as much (personal) money as possible into Swiss/Singaporean bank

accounts before the (now Govt-sponsored) ponzi collapses.

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