Forum Discussion
Dadoffourgirls
May 23, 2014Explorer
Don
You also missed the point that all of us employee's would have stopped paying our property tax on our house when we stopped paying our mortgage. That stopped the revenue to the governments. This reduced the cash flow for education, health, safety, etc.
I never saw what line of employment spoon059 is in, but since he indicates that he is north of DC, I suspect that he has a job tied to government resources that are much more monopolistic.
Individuals in Michigan, Ohio, Indiana understood what was going on. I have neighbors that worked for the other OEMs during these times, and they were concerned. The houses near me were sold for 25% on the dollar. I wondered why I continued to keep mine.
So there will be individuals that argue the point all day. However, I must not be on the correct forums to see the complaints about bailing out AIG, Fannie Mae, etc.
Additionally, I doubt the real, behind the headlines activities of the bailout/bankruptcy will ever be written and published. Those that spent their time dedicated to it will probably move on without seeking the publicity of those that were headlining and already wrote their books.
You also missed the point that all of us employee's would have stopped paying our property tax on our house when we stopped paying our mortgage. That stopped the revenue to the governments. This reduced the cash flow for education, health, safety, etc.
I never saw what line of employment spoon059 is in, but since he indicates that he is north of DC, I suspect that he has a job tied to government resources that are much more monopolistic.
Individuals in Michigan, Ohio, Indiana understood what was going on. I have neighbors that worked for the other OEMs during these times, and they were concerned. The houses near me were sold for 25% on the dollar. I wondered why I continued to keep mine.
So there will be individuals that argue the point all day. However, I must not be on the correct forums to see the complaints about bailing out AIG, Fannie Mae, etc.
Additionally, I doubt the real, behind the headlines activities of the bailout/bankruptcy will ever be written and published. Those that spent their time dedicated to it will probably move on without seeking the publicity of those that were headlining and already wrote their books.
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