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View Diary: Righteous TARP Fury! (In the form of a SWL.) (166 comments)

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  •  Ask them: (2+ / 0-)
    Recommended by:
    PsychoSavannah, Arenosa

    Would you simply dump the money on the troubled home owners and expect them to do the right thing?

    I thought not...

    (-7.75, -7.69) No matter how cynical I get, I just can't keep up - Lily Tomlin

    by john07801 on Wed Feb 25, 2009 at 08:37:18 AM PST

    [ Parent ]

    •  That is the bottom-line question, (3+ / 0-)
      Recommended by:
      Simplify, john07801, Arenosa

      isn't it?  IF the homeowners in this country (all of them, but not the investors and speculators) were allowed to refinance into PAYABLE mortgages, many of the problems these banks seem to be having would be much less severe.  But, in the twisted logic of the "corporate class", that is giving money away.  It's just ludicrouse on its face.

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