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Effective Protest Against Bailouts


 invite response                
2008 Feb 28, 1:22am   24,170 views  286 comments

by Patrick   ➕follow (58)   💰tip   ignore  

protest

The NY Times illustrated nicely that most people are against paying their neighbor's mortgage:

But readers aren’t biting. More than 400 vehement reader comments on the Times’ site ran 20-to-1 against any taxpayer rescue - with fairness and basic economics the main objections

But we are not unified or effective in our protests. Just disgruntled savers bleating in the wilderness while our savings are forcibly transferred to those who did not save, and representative democracy keeps electing representatives of the banks. What would really work?

One reader suggestion is an online petition that all the housing blogs could post. It also might be time to actually hit the streets with real signs and pithy slogans. I could do the SF financial district at lunch some day.

Then there are boycotts, but what are we going to boycott? We're already boycotting bad lending and high prices.

Could we create an effective and public way to track politician sell-outs to the REIC?

Is it time for direct democracy, the ability of the people themselves to make the laws?

#housing

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283   Peter P   2008 Mar 2, 3:10pm  

But, dollar alone will not be trashed, other currencies will soon follow.

Well said. What are the best food plays?

284   timiacono   2008 Mar 3, 10:13am  

I liked the tone of that letter - but this was where the guy lost my vote. He began to sound like a typical old-fart who can’t get his head wrapped around a new concept, so he gets all snobbish and “proud of not understanding it”. As if his inability to deal with it is somehow a great loss for all mankind.

U/D inheritance is not a complicated thing, just requires a relatively open mind to let go of existing assumptions and see things slightly differently.

Typical old fart? Puh-leeze. Upside down inheritance was a running joke at Teradyne, almost universally despised. I learned how to use maps during the last few months of my career and had quite a good time with them.

285   timiacono   2008 Mar 3, 10:15am  

BTW - I was a hardware engineer (EE major) through most of my career and just kind of faked my way into a software career - apparently it worked.

286   yodaking   2008 Mar 4, 5:36pm  

(sorry; I posted this question in other threads)

Hi, I was hoping somebody here could point me to a good free foreclosure listings site? (if it even exists) All the ones I see, you have to pay to access full listings.

Much appreciated in advance.

Cheers

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