Homebuilders Make Plea for $250 billion in Federal Aid

http://online.wsj.com/article/SB122748520112251743.html

I'm sorry but Just say No to Pulte, Toll Brothers and the rest of the annoying lot.

 

Only 250 BILLION?!

Geez, why not ask for at least a Cool Trillion?

Socialism at its finest!!

 

Once the crack dealer shows his face on "the street" here now come ALL the credit crackheads!!! :eek:

 

America...do you want to see a JOKE?

Look in the mirror! :eek:

 

Sweet!

Just what we need! More new homes on the market!

Exxon Mobil is going to ask for 500 Billion next!!!

 

Yeah, how can they live with record profits when absolute failures are making more money?

 

Ethanol producers need to be bailed out.

 

This is exactly what I feared when I wrote this last month:

 

The homebuilders are pathetic. They had this spokesman come on TV trying to make his case and he made a fool of himself. All he could say is that everyone owns a house, big part of economy etc it was a bubble, anyone who goes bankrupt is their own damn fault.

 

Nov 21/08 FDIC acquired the 22nd failed bank 'PFF Bank & Trust' - 35 branches who
had a large concentration of housing construction company loans who were hit hard
by the deteriorating real estate market on the West Coast and were unable to obtain
financing/repay loans - ripples, spiral

there's 8K+ US banks so it's very few so far that have been takenover by the FDIC