What about subsidized housing? Obviously those who benefit from it don't pay for the subsidy. I for one, don't see how many elderly and disabled people could make it without low income housing. Are some of us saying that we should kick them to the curb because they haven't contributed the taxes to pay for it? <br><br><b><i>Paul Rumelhart <godshatter@yahoo.com></i></b> wrote:<blockquote class="replbq" style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"> While we're on the subject, I think it's worth noting that one of the <br>"Keating Five" Senators accused of asking the regulators to ease off on <br>investigating the Lincoln Savings and Loan Association during the S&L <br>bailout fiasco was John McCain. Charles Keating, the Chairman of <br>Lincoln Savings and Loan had given John McCain $112,000 in campaign <br>contributions and his wife and father had invested heavily in a Keating <br>shopping center.<br><br>Paul<br><br>Tom
Hansen wrote:<br>> It is not the banking industry, g-ster.<br>> <br>> The S&L bailout concerned a considerable amount of savings and loans <br>> companies that made some serious unwise investments that (surprise!) <br>> failed.<br>> <br>> >From the March 18, 1991 edition of the New York Times at:<br>> <br>> *http://tinyurl.com/47952d*<br>> **<br>> "The lawmakers [Congress] have refused to give the [Bush] <br>> Administration open-ended financing for the savings and loan rescue, <br>> feeling burned by the experience of 1988, when savings regulators, <br>> facing a shortage of funds, bailed out almost 200 savings associations <br>> in deals now seen as giveaways. Those deals are expected to cost <br>> taxpayers more than $69 billion. "<br>> <br>> And . . .<br>> <br>> "The track record of the Resolution Trust Corporation is hardly <br>> reassuring. It has sold only about a quarter of the $120 billion
in <br>> assets that it held at the end of last year from the 352 savings <br>> associations that it had seized, auditors at the General Accounting <br>> Office said. Its task has been complicated because the portfolio <br>> includes many undesirable investments, like raw land and high-risk <br>> 'junk bonds.'"<br>> <br>> Maybe it's about time we got the rich off of welfare, dontcha think? <br>> Or dontcha think?<br>> <br>> Seeya round town, Moscow<br>> <br>> Tom Hansen<br>> Moscow, Idaho<br>><br>><br>><br>> ------------------------------------------------------------------------<br>> From: jampot@roadrunner.com<br>> To: ophite@gmail.com<br>> Date: Fri, 9 May 2008 06:09:42 -0700<br>> CC: vision2020@moscow.com<br>> Subject: Re: [Vision2020] rebate checks<br>><br>> I am, for the most part, not a fan of corporate bail outs either.<br>> But since your question is how
is bailing out the banking industry<br>> any less "welfare" than giving poor people money to spend on food<br>> a reply is in order. The banking industry pays huge amounts in<br>> taxes and employees many, many people. Poor people pay no taxes<br>> and employee no one. The government in its bail out of selected<br>> banks is returning a small percent of the tax money it received<br>> to the organization that has paid in significant amounts in the<br>> past and will pay more in the future. Poor people not so much.<br>> Banks kept open will continue to provide jobs. Poor people<br>> subsidized will only create more poor people. An argument can also<br>> be made that a portion of the banks problems were brought on by<br>> the government forcing them to extend credit to a much riskier<br>> pool of borrowers in the name of "fairness." The government, for<br>> all its faults, does not
create poor people. It might encourage<br>> them to stay that way but it generally doesn't put them there in<br>> the first place.<br>> <br>> g<br>><br>> ------------------------------------------------------------------------<br>><br>> =======================================================<br>> List services made available by First Step Internet, <br>> serving the communities of the Palouse since 1994. <br>> http://www.fsr.net <br>> mailto:Vision2020@moscow.com<br>> =======================================================<br><br><br>=======================================================<br> List services made available by First Step Internet, <br> serving the communities of the Palouse since 1994. <br> http://www.fsr.net <br>
mailto:Vision2020@moscow.com<br>=======================================================<br></blockquote><br><BR><BR>Tom & Liz Ivie<p> 
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