Comments on: Paulson to the Rescue http://www.joetaxpayer.com/paulson-to-the-rescue/ Financial Commentary For The Average Joe Mon, 06 Feb 2012 21:56:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eric http://www.joetaxpayer.com/paulson-to-the-rescue/comment-page-1/#comment-56 Eric Mon, 10 Dec 2007 22:56:06 +0000 http://www.blog.joetaxpayer.com/archives/78#comment-56 Bucket #3 is further limited to those with less and 3% equity. If your share my opinion that home values have further to fall, then you may also agree with the folly of any homeowner choosing to be "rescued" into debt slavery. And Joe, I wholeheartedly agree with you about lessons learned: Nowhere does Paulson propose to punish those that foisted this crime upon us. Punishment may come though: the perpetrators started believing their own lies and kept the junk for themselves in various SIVs. And they have just as much Commercial MBS as they do Residential, so the story is not nearly over... Bucket #3 is further limited to those with less and 3% equity. If your share my opinion that home values have further to fall, then you may also agree with the folly of any homeowner choosing to be “rescued” into debt slavery.

And Joe, I wholeheartedly agree with you about lessons learned: Nowhere does Paulson propose to punish those that foisted this crime upon us.

Punishment may come though: the perpetrators started believing their own lies and kept the junk for themselves in various SIVs. And they have just as much Commercial MBS as they do Residential, so the story is not nearly over…

]]>