Comments on: House Passes Tax Bill to Repeal AMT; White House Threatens Veto

By: J

Fri, 27 Jun 2008 21:44:02 +0000

You certainly won’t find me disagreeing. It amazes me what some of the banks got away with. Even when I attended real estate closings, I would be amazed and mention it to the buyer. However, the broker had always assured them that they would just refinance or sell it before it resets.

I don’t expect people to be smart or frugal enough to make smart investments. Statistically, so many have not, but I expect banks to not make so many darn risky loans.

By: Kelly

Kelly — Thu, 26 Jun 2008 21:57:43 +0000

J,
I think the only folks who will disagree with that are the CEOs of those banks!

By: Colin

Colin — Thu, 26 Jun 2008 19:26:17 +0000

Agreed!

By: J

Thu, 26 Jun 2008 19:20:43 +0000

Under that theory, the government should also stop bailing out the banks that made loans to risky borrowers. Survival of the fittest, and all.

By: Colin

Colin — Thu, 26 Jun 2008 13:51:10 +0000

Maybe the government should stop trying to bail out homeowners who made bad decisions. Survival of the fittest, I say. Those of us who make fiscally responsible decisions will survive.

By: J

Thu, 26 Jun 2008 13:42:05 +0000

Yes, let more Americans keep their money because they are obviously fiscally responsible. I mean you would never see Americans going out and over-leveraging themselves or buying things they cannot afford.

What a crippled system.

By: Death & Taxes

Death & Taxes — Thu, 26 Jun 2008 12:48:25 +0000

Aren’t these tax breaks ‘entitlements?’

By: Kelly

Kelly — Thu, 26 Jun 2008 12:42:33 +0000

Oh Colin, that’s just crazy talk…

By: Colin

Colin — Thu, 26 Jun 2008 12:32:26 +0000

Here’s an idea: How about instead of raising taxes to offset the AMT repeal, we CUT SPENDING. An entitlement program here, a war or two there… Shouldn’t be hard.