Comments on: Government To Steal $15,000 From Every American Household To Bailout Big Banks and Lenders http://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: shawnhttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60558 shawn Fri, 10 Oct 2008 19:06:36 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60558 Withdraw all your money from the bank, including IRA's, 401K's, CD's, etc. Sell your homes under market value, but make sure you can still profit and buy yourself a condo. Better yet, move to Canada until this crisis is over. Withdraw all your money from the bank, including IRA’s, 401K’s, CD’s, etc. Sell your homes under market value, but make sure you can still profit and buy yourself a condo. Better yet, move to Canada until this crisis is over.

]]> By: charleshttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60219 charles Thu, 25 Sep 2008 05:08:13 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60219 yes...would prefer to see the banks go under. nothing will happen. the fdic has been backing accounts for 75 years and no one has ever lost a penny on an insured account and never will. even if the fdic goes broke, the government will do what it does best--print more money--to cover it. so, yes, let the bad banks go under. let the crooked businesspeople go to prison. the world will still be turning the day after and the day after that....and taxpayers will be $700 billion dollars richer! yes…would prefer to see the banks go under. nothing will happen. the fdic has been backing accounts for 75 years and no one has ever lost a penny on an insured account and never will. even if the fdic goes broke, the government will do what it does best–print more money–to cover it.
so, yes, let the bad banks go under. let the crooked businesspeople go to prison. the world will still be turning the day after and the day after that….and taxpayers will be $700 billion dollars richer!

]]> By: Erichttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60215 Eric Wed, 24 Sep 2008 23:57:48 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60215 Would you all prefer to allow the banks to go under and see what happens then? Would you all prefer to allow the banks to go under and see what happens then?

]]> By: Alice Spencerhttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60178 Alice Spencer Wed, 24 Sep 2008 05:34:24 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60178 There are always the select few how make money from every crisis, they are usually connected in some way to the people who have caused it. There are always the select few how make money from every crisis, they are usually connected in some way to the people who have caused it.

]]> By: Colinhttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60161 Colin Tue, 23 Sep 2008 17:18:06 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60161 And then to make things even worse, these wonderful people in Congress want to add on more bail-out/hand-out/pork to special interests as part of the deal. The Glen Beck program last night (and other nights!) is filled with doom - but when you hear that Washington wants to add in credit card relief and everything else, maybe he's right. And then to make things even worse, these wonderful people in Congress want to add on more bail-out/hand-out/pork to special interests as part of the deal. The Glen Beck program last night (and other nights!) is filled with doom – but when you hear that Washington wants to add in credit card relief and everything else, maybe he’s right.

]]> By: Real Estate Advocatehttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60146 Real Estate Advocate Tue, 23 Sep 2008 04:24:41 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60146 When the Fed Gov acquires $800 billion in non-performing notes, how will they dispose of the foreclosed properties?I don't know the answer but I sure smell a deal for real estate investors. When the Fed Gov acquires $800 billion in non-performing notes, how will they dispose of the foreclosed properties?

I don’t know the answer but I sure smell a deal for real estate investors.

]]> By: Barryhttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60138 Barry Mon, 22 Sep 2008 19:52:23 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60138 Write and call your congressman and Senators! Write and call your congressman and Senators! Write and call your congressman and Senators! Write and call your congressman and Senators!
Write and call your congressman and Senators!
Write and call your congressman and Senators!

]]> By: Rentals In St Georgehttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60134 Rentals In St George Mon, 22 Sep 2008 17:02:05 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60134 I think we definitely need Batman in this situation. The government is fast becoming an enemy to the average household in America and everyone knows that when the government needs money they will get it. I think we definitely need Batman in this situation. The government is fast becoming an enemy to the average household in America and everyone knows that when the government needs money they will get it.

]]> By: Collene DeAseshttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60131 Collene DeAses Mon, 22 Sep 2008 16:06:27 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60131 This makes me think of going to the Mattress with my little bit of money. I am sure others are thinking the same. I wonder if the number of home safes has picked up? This makes me think of going to the Mattress with my little bit of money. I am sure others are thinking the same. I wonder if the number of home safes has picked up?

]]> By: Janie Millerhttp://www.biggerpockets.com/renewsblog/2008/09/21/government-to-steal-15000-from-every-american-household-to-bailout-big-banks-and-lenders/#comment-60130 Janie Miller Mon, 22 Sep 2008 15:48:16 +0000 http://www.biggerpockets.com/renewsblog/?p=1491#comment-60130 Its not stealing! We are letting them do it. There is no gun, just talk. The people who are supposed to be watching that something like this doesn't happen weren't asleep, they just turned their heads. Again the people will pay for it, while the government (ALL OF THEM) will posture and point to the other side. Its not stealing! We are letting them do it. There is no gun, just talk. The people who are supposed to be watching that something like this doesn’t happen weren’t asleep, they just turned their heads. Again the people will pay for it, while the government (ALL OF THEM) will posture and point to the other side.

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