Sorry anjin-san a house of cards is always a house of cards. Letting it collapse (i.e. a correction) and then building something stronger and more resilient seems like a better strategy.

It does seem like a better strategy, unless of course the house of cards is propping up something of actual value. In that case, you have to prop up the house of cards until you move that thing of value onto a more stable foundation, or risk losing the thing of value to spite the house of cards.

No, I advocate propping up the house of cards and then trying to figure out how to prevent it from happening again.

Sorry anjin-san a house of cards is always a house of cards. Letting it collapse (i.e. a correction) and then building something stronger and more resilient seems like a better strategy.

I also haven't seen much outrage from you that said executives managed to get out with multimillion-dollar payouts.

Apparently, you missed my comments on Gorelick, who I think I mentioned walked out with $26 million, at least a million of which came from a bonus she got by falsifying financial reports for the org.

We bought the vase, gave it to a friend, watched said friend fill it with acid, stared aghast when the acid ate through the vase and into the friend and her family, and then bought what's left of the vase back and somehow still plan to use it to hold flowers.

Spare us the pretense that F&F were/are anything but a government entity.

My argument is the same as the kid dropping mom's expensive vase... 'You break it you fix it'.

That's a pretty flawed analogy. We bought the vase, gave it to a friend, watched said friend fill it with acid, stared aghast when the acid ate through the vase and into the friend and her family, and then bought what's left of the vase back and somehow still plan to use it to hold flowers.

Even then, seems you discount entirely the fact that the executives of publicly-owned and traded Fannie Mae & Freddie Mac chose to load up on clearly flawed investment vehicles. I also haven't seen much outrage from you that said executives managed to get out with multimillion-dollar payouts.

I guess the only cure for socialism is more socialism. Elephants all the way down!

Just to be clear, that's your argument, right?

My argument is the same as the kid dropping mom's expensive vase... 'You break it you fix it'.
Then, don't presume to touch it again, lest the same thing happen.

They should be the ones to pay to fix it.

They government pays for its mistakes with your money and mine.

It looks like your argument is that the government never should have been in the mortgage business in the first place, but since it was and it was mismanaged, the solution is to use more government money and power to re-buy the organizations.

Just to be clear, that's your argument, right?

Government caused this problem. They should be the ones to pay to fix it. The people involved should be in jail, and then going forward, government should keep it's hands off home loans.

Figuring out how to not allow it to happen again doesn't involve more government but less.

Brillian? No. Necessary? Probably...

So...just to make sure, you advocate propping up the house of cards so that it can happen again and again?

Brilliant!

Brillian? No. Necessary? Probably...