#10 -Do you want someone else to pay your bills?

A “Loss” means a “Loss” to you; but also, to someone else!

No matter what type of program (a “bailout”, a “Boondoggle”); you can attempt to, but you cannot eliminate, a “Loss” to someone else.
That “someone else” has got to be a part of the “Loss”…. (be it a bank. some agency). Someone who created the “paper” asset that claimed to back up the arrangement. It has to be a “Loss” to someone!
All this fancy talk about the successful way to eliminate “the bad loans” is just some more “talk”!
It cannot be done! …..Who’se gonna’ take the “Loss”? ….That’s what we oughta’ be talking about.

Eliminate a “Loss”? …..That’s a time waster!

If it’s the Banks, who initiated the loans, then how much are they willing to “Lose” to drop the original loan amount? How much are they willing to pay for the now depreciated loan?
If it’s the broker, when he can be found, what paper work is there to say whether the borrower can pay back the loan?
If it’s one of the loans that were packaged, who can say whether the amount paid for the packaged loan was sufficient to pay off the loan. The next to last owner of the packaged loans was to perform “due diligence” on the new owner of the package to see whether he was “responsible”.…

Someone, in this line, must take a “Loss”.
They can’t expect the person who has lived by the rules, paid his mortgage, to pay an additional amount to pay off the responsibility of someone else. It is this open question that makes the general public so disgusted.


Yeh, but what about all these efforts to pass a bill (stimulus, a bail out package, etc….)?
These efforts are a fraud to distract the general public that there is a way out without someone taking a “Loss”.
If the Government forms a “bad bank” for the next 20 years. all the loans that have not been paid are a direct “Loss” to the government. If the Government loans money to a bank at low interest up clear up a banks balance sheet, the Government “losses” money in the world market because of the low interest…. It’s a “Loss”!

“Someone else” has got to be a part of the “Loss”!

Can’t we charge someone with fraud?


P.S. (It wasn’t until we forgot to pay now, for what we wanted now, that all this trouble began.(but there was an increase in business! Without regulation and proper oversight, was the increase worth it?)



Bill T ….. (P.S. - Lessons to live by.)
It’s always a question of “definition”. What are we really talking about?
Do you really “understand” what we are talking about?
Are you looking for another debate or to learn something new?