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	<title>Comments on: Mortgage meltdown, part deux</title>
	<atom:link href="http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/</link>
	<description>Book and Weblog - Authored by Garth Turner</description>
	<lastBuildDate>Thu, 09 Feb 2012 03:56:41 +0000</lastBuildDate>
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		<title>By: Patrice</title>
		<link>http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/comment-page-1/#comment-11935</link>
		<dc:creator>Patrice</dc:creator>
		<pubDate>Tue, 16 Dec 2008 15:02:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1062#comment-11935</guid>
		<description>#36 Timbo
&gt; What do you offer as a solution?

indeed you have scary ideas.

you complain about the us bail out but you want our government to bail out our banks?

You are suggesting our government should control more things like the banks and get bigger and bigger?

ludicrous!

not good.

Free market is the only solution.

Anything less (like the bail out and other socialist policies) will make things worse.

Don&#039;t try to fix your falling castle of card; the castle sucks. it is meant to fall.
And it will fall eventually no matter what you do.
Instead of wasting your money trying to fix a lost cause, let it fall to the ground and keep your money to build a better castle.</description>
		<content:encoded><![CDATA[<p>#36 Timbo<br />
&gt; What do you offer as a solution?</p>
<p>indeed you have scary ideas.</p>
<p>you complain about the us bail out but you want our government to bail out our banks?</p>
<p>You are suggesting our government should control more things like the banks and get bigger and bigger?</p>
<p>ludicrous!</p>
<p>not good.</p>
<p>Free market is the only solution.</p>
<p>Anything less (like the bail out and other socialist policies) will make things worse.</p>
<p>Don&#8217;t try to fix your falling castle of card; the castle sucks. it is meant to fall.<br />
And it will fall eventually no matter what you do.<br />
Instead of wasting your money trying to fix a lost cause, let it fall to the ground and keep your money to build a better castle.</p>
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		<title>By: Trekie2</title>
		<link>http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/comment-page-1/#comment-11934</link>
		<dc:creator>Trekie2</dc:creator>
		<pubDate>Tue, 16 Dec 2008 14:30:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1062#comment-11934</guid>
		<description>I found the video interesting, but watching market trends and comparing them to history I see the Canadian housing market to have a major price decline starting in the spring of 2009 and lasting till 2010 then a slow trickle to the bottom....just like all the past pricing drop charts I have seen show....there is a major and quick fall in prices and then a slow fall of several percentage points for a few more years...maybe from 2010 to 2012-15? I have always watched our economy for &quot;triggers&quot; to start this downward spiral...and I think this time it&#039;s been the world economy at large that has &quot;triggered&quot; the average Canadian into waking up....unfortunately I still think a large number of us are asleep at the wheel....</description>
		<content:encoded><![CDATA[<p>I found the video interesting, but watching market trends and comparing them to history I see the Canadian housing market to have a major price decline starting in the spring of 2009 and lasting till 2010 then a slow trickle to the bottom&#8230;.just like all the past pricing drop charts I have seen show&#8230;.there is a major and quick fall in prices and then a slow fall of several percentage points for a few more years&#8230;maybe from 2010 to 2012-15? I have always watched our economy for &#8220;triggers&#8221; to start this downward spiral&#8230;and I think this time it&#8217;s been the world economy at large that has &#8220;triggered&#8221; the average Canadian into waking up&#8230;.unfortunately I still think a large number of us are asleep at the wheel&#8230;.</p>
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		<title>By: timbo</title>
		<link>http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/comment-page-1/#comment-11925</link>
		<dc:creator>timbo</dc:creator>
		<pubDate>Tue, 16 Dec 2008 12:07:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1062#comment-11925</guid>
		<description>#33 interesting reply , thank you.

you might not want it but I believe it has to happen due to the huge bubble economy collapsing upon itself. Banks are not solvent now and if my tax dollars are going to buy assets(laugh) from a bank to hold their books together I would like to know what I am buying.

What do you offer as a solution?

throw money every month at an ever contracting market? Watch as more and more companies merge to buy into the free money program or even worse purposely run themselves into the ground to get tax dollars? The US has started a very dangerous precedent by bailing out selected companies and letting others fail to be merged into larger monopoly&#039;s. Banking, Insurance, Auto&#039;s? They did this peace meal by reacting after the fact. Everyone now faces the fact that they have to either merge to become to big to fail or become a bank to get funds. Steel, agriculture, coal, forestry, are now going to follow.  Monopoly anyone ?

What I am stating is that we nationalize the banks,open the books,regulate, strip the gambling factor off the books and stabilize the system now. A bank should not be using dollars in hedge funds but in loans to a community. Leave that up to a separate corporation with higher risk and higher reward. Keep key savings and key loan operations solvent and heavily regulated.

for an example does the TD depositor become affected if the a TD hedge fund becomes insolvent? Government has caved in to speculators to increase risk and reward in the boom and is going to hurt the little guy in the bust.</description>
		<content:encoded><![CDATA[<p>#33 interesting reply , thank you.</p>
<p>you might not want it but I believe it has to happen due to the huge bubble economy collapsing upon itself. Banks are not solvent now and if my tax dollars are going to buy assets(laugh) from a bank to hold their books together I would like to know what I am buying.</p>
<p>What do you offer as a solution?</p>
<p>throw money every month at an ever contracting market? Watch as more and more companies merge to buy into the free money program or even worse purposely run themselves into the ground to get tax dollars? The US has started a very dangerous precedent by bailing out selected companies and letting others fail to be merged into larger monopoly&#8217;s. Banking, Insurance, Auto&#8217;s? They did this peace meal by reacting after the fact. Everyone now faces the fact that they have to either merge to become to big to fail or become a bank to get funds. Steel, agriculture, coal, forestry, are now going to follow.  Monopoly anyone ?</p>
<p>What I am stating is that we nationalize the banks,open the books,regulate, strip the gambling factor off the books and stabilize the system now. A bank should not be using dollars in hedge funds but in loans to a community. Leave that up to a separate corporation with higher risk and higher reward. Keep key savings and key loan operations solvent and heavily regulated.</p>
<p>for an example does the TD depositor become affected if the a TD hedge fund becomes insolvent? Government has caved in to speculators to increase risk and reward in the boom and is going to hurt the little guy in the bust.</p>
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	<item>
		<title>By: Blacksheep</title>
		<link>http://www.greaterfool.ca/2008/12/15/mortgage-meltdown-part-deux/comment-page-1/#comment-11917</link>
		<dc:creator>Blacksheep</dc:creator>
		<pubDate>Tue, 16 Dec 2008 06:52:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1062#comment-11917</guid>
		<description>This is getting UGGGLY!</description>
		<content:encoded><![CDATA[<p>This is getting UGGGLY!</p>
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