Sweden's Better Financial Bailout Plan
by Todd Frey
(Mountain View, CA, US)
I think that this financial bailout is just business as usual for the government, meaning it will do no good in the long term. Sweden's bailout plan is much better for them in the long run, as their taxpayers made a profit on the deal. Some might call the government buying a stake in the companies socialism, but eventually nearly all of the banking institutions were completely re-privatized. Sweden's economy is now thriving, and their banking industry has learned its lesson about irresponsible lending.
However, as flawed as it may be, the current financial bailout solution will hopefully at the very least keep our economy from free falling, which is its intended purpose. I do, however, think it's a real shame that we have to help people who irresponsibly took out larger loans and mortgages than they could afford. Unfortunately, a sinking tide lowers all ships and it's in the best interest of everyone that the tide does not fall.
Overall, the financial bailout plan will succeed, though it will not do so as well as it could, because too many senators are in the pockets of the financial industry; or is it the other way around?
What if you could share your views about mortgage news important to you? Now you can!
The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get Your Best Mortgage Rate.
Follow My Blog
Free and easy!
Grin and Bear It!
Get-Your-Best-Mortgage-Rate.com is getting a facelift!
Please bear with me! The content is identical so continue to browse. I'm working as fast as I can to finish up!
I'm grinning. Hope you're enjoying the new look too!
Your friend,Kate Ford
You Can Own My Brain
Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate.
Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here.
Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.
Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience.
Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.
FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.
PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?
ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.
Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.
Website Answers by Kate - Yes... Readers even ask Kate how to build a website.