Comments on: The Crisis of Credit Visualized by Jonathan Jarvis http://moneyanswertree.com/archives/383/the-crisis-of-credit-visualized-by-jonathan-jarvis/ investing, money, credit card debt, 401k, roth ira, credit cards, make money, personal finance, savings, retirement planning, free money, roth ira contribution, financial advice, free financial advice, online financial advice, savings account, money market, roth ira rules Mon, 12 Mar 2012 18:29:40 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: pbucelwicz http://moneyanswertree.com/archives/383/the-crisis-of-credit-visualized-by-jonathan-jarvis/comment-page-1/#comment-1405 pbucelwicz Wed, 25 Feb 2009 02:04:53 +0000 http://moneyanswertree.com/?p=383#comment-1405 So... It seems pretty clear to me how to turn this around... and its NOT keeping people who have sub-prime mortgages in their homes. Its getting qualified buyers into homes they can afford. That will stabilize the cycle. The bail out helping people in trouble doesn't seem that great. They should be getting better people into home and getting credit. There is some good stuff in that bill I guess for people getting first time homes, but with that, there sould be some things to get qualified people in at a good rate. Bailing out the banks seems pretty necessary, but maybe not. Let them fall, and new smaller banks who took less risk will grow. BAM. Eat my shorts. So… It seems pretty clear to me how to turn this around… and its NOT keeping people who have sub-prime mortgages in their homes. Its getting qualified buyers into homes they can afford. That will stabilize the cycle.

The bail out helping people in trouble doesn’t seem that great. They should be getting better people into home and getting credit. There is some good stuff in that bill I guess for people getting first time homes, but with that, there sould be some things to get qualified people in at a good rate.

Bailing out the banks seems pretty necessary, but maybe not. Let them fall, and new smaller banks who took less risk will grow. BAM.

Eat my shorts.

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