This pisses me off. Ever since the bailout was announced traffic at the dealership has not slowed to a trickle but litterally all but stopped. Same thing with our WY store. Anyway I hear everyone talking around me about the bailout and it chaps me how clueless they are by just seeing one or 2 commentaries a week. Myself I'm a former financial guy that still holds a license to sell securities. I look at both sides of the table and see how this bad deal could bring us to a halt regardless of what we do. A big adjustment is happening in the financial industry right now. And either way of how the bailout swings, subprime lending is done? And guess what, over the last several years the banks have been fleasing the sub prime borrowers with interest rates and cutting interest rates for those with credit. Now that that cash cow will be gone what do you think will happen with interest rates for those with good credit? We are going to get smoked either way. I'm not saying I agree or disagree with the bailout effort but I would hate to see the gov't delay the inevitable and the economy fallsout anyway and those companies that got us here in the first place stay high and dry while the rest of us struggle to survive. Remember the bailout is going to the investors of Morgages, not the mortgages themselves, The govt doesn't bail me out if I loose my earnings on a horse race let alone stocks and bonds.
Anyway, part of me wants to let them fail and the other part wants me to bail them out if it makes things better. But I have the feeling were delaying the inevitable. Good Read.
http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes
Anyway, part of me wants to let them fail and the other part wants me to bail them out if it makes things better. But I have the feeling were delaying the inevitable. Good Read.
http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes
