Tilted Forum Project Discussion Community - View Single Post - Do you think the US will become socialist in the next 4 years?

flstf · 02-21-2009, 09:51 AM

Thanks ASU2003, I watched the Frontline link. It was interesting to see the conservatives torn between "moral hazzard" and "systemic collapse". Some of them transistioned from capitalists to socialists in a few short months when it comes to Wall Street.

I don't think things are as bad as your Florida example and the vast majority of homeowners are making their payments. It seems like these institutions have set themselves up and are so leveraged that they can't survive a small percentage of foreclosures.

02-21-2009, 09:51 AM	#40 (permalink)
flstf Easy Rider Location: Moscow on the Ohio	Thanks ASU2003, I watched the Frontline link. It was interesting to see the conservatives torn between "moral hazzard" and "systemic collapse". Some of them transistioned from capitalists to socialists in a few short months when it comes to Wall Street. I don't think things are as bad as your Florida example and the vast majority of homeowners are making their payments. It seems like these institutions have set themselves up and are so leveraged that they can't survive a small percentage of foreclosures.