No government cheese for him, and he got his piece of the American dream.

:mrgreen: Don't you mean government officials now :mrgreen:

I suspect it will do more good in the long run than the $8,000 first time buyers credit.People who have owned a house for 5 years are going to be more financially stable than first time buyers who can't get together a down payment without the government chipping in.I know a few people (lots of people) who have told me they want to buy, but they are waiting for the bottom of the market.

This would obviously skip a potential long step in development costs and government approvals for zoning but would have no income until the market returns.

Generally Accepted Accounting Principles govern and the SEC oversees public investments and reporting, so we have to rely on that.

Originally posted by Tom Cullen:No, maybe he was just a jihadist in the military who was allowed to "slide" because of the PC pussies in government.

:wink: I don't want to hijack this thread but to paraphrase on Al Pacino's line form the Godfather (I think III) Just when I wanted to get out, you keep pulling me back in...My approach is not as hypocritical as those who graze the section 8 pasture and then go marching at the tea bags ralley, crying crocodile tears for government intervention...

:crazed: I always agree with your right wing capitalist, non government subsidized, profit motivated endeavors Eddie.

At least with this short sale they get the $5K payout from the first and any incentives the government provides.

All they did was push judgment day down the road slightly and have caused the inevitable collapse to be much worse.I am also very concerned that the government has taken over the banking industry and many of our private industries (like cars).