On Fri, 3 Oct 2008 07:02:36 -0700 (PDT), Wojtek Sokolowski <swsokolowski at yahoo.com> wrote:
> Please be specific about the "bad things."
>
> [WS:] I think hat Michael was explict about predicting future (nobody
> can do that), but there is a good reason to expact bad things if the
> current crisis continues. These include people's retirement accouns
> shrinking (e.g. I lost about $8k already), people being unable to bu or
> refinance their homes which will likley result in some people losing
> thier homes, people losing thier jobs due to recession - to name a
few.
You have not named any bad things.
People having inadequate nutrition, inadequate housing, etc are real things, retirement account balances are just numbers in a database, buying or refinancing homes is just artifacts of the need for housing, neither are needs of themselves.
Please explain which bad things you think will happen sans bailout, how you know the bailout will prevent these things, and why you think the US government is interested.
Thank you.
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