From: Tom
To: Dan
Subject: Mortgage Bailout
Date: April 1, 2008
Hey Dan,
I really think we should bail out those poor homeowners who are getting foreclosed on. I mean it’s not their fault- they were duped into thinking their houses’ value would go up and their interest rates would stay flat. I say if the government can bail out a financial giant like Bear Stearns, it should be able to bail out some needy homeowners. Moral hazard isn’t that big of a deal when it comes down to it.
Best,
Tom
From: Dan
To: Tom
Subject: Re: Mortgage Bailout
Date: April 1, 2008
Hey Tom,
Wow what a surprising position for you to take! Yeah you make a good point I mean why are they bailing out the banks if moral hazard is such a problem? So a few homeowners are shielded from their risks- big whoop! You’re turning into a regular Robert Reich over there.
Best,
Dan
From: Tom
To: Dan
Subject: Re: Re: Mortgage Bailout
Date: April 1, 2008
Hey Dan,
HAHAHAHHAHA! Look at the date. You got splayed, you naïve liberal! DOWN WITH MORAL HAZARD!!!!!
Best,
Tom
"Look at the date. You got splayed" is the new "April Fools"
ReplyDeleteStill not clear if Tom is down with the Bear Stearns SOS.
ReplyDeleteHahaha... best blog post I've read so far this month.
ReplyDelete- Phil (friend of JPizarro, secret member of Delino Nation)
Wow, you're really railing on moral hazard. Those bastards have nowhere to hide. Wait, who has nowhere to hide? Liberals?
ReplyDeleteThe focus is misplaced. A few homeowners (read: peanuts) won't be bailed out. I guess this was the right decision.
Other exmamples of moral hazard: Former Halliburton CEO in the White House? That's a $42 billion company, with stock going from $10 to $50 in five Bush years. Where's your sense of scale?
I didn't prove Cheney favored his old company, but you didn't prove people would ever take mortgages because they thought a paternalistic government would save them.
How about campaign finance?
Moral hazard?!