Skipweasel, many of the houses in the US built after 1950 are not as sturdy as very old houses. I just left a house built in 1923 for a house built in 1905. Both are extremely well constructed, and will probably last another hundred years.
After the second World War, builders developed new methods for constructing modern affordable homes quickly for returning servicemen who started families and pursued the American Dream. Some of those will last a long time, many won't.
Privatize the profit; subsidize the loss. That's the way to get rich!
Seriously, these corporations already have more rights than people, and the fat cats that run them got a tax break AND will get millions in severance pay when they're fired. They'll not miss one meal over this crisis.
What the government should do is forget the bailout, let the banks fail. Give the money to the FDIC (it won't need 700 billion), and all depositors will get their money, up to $100,000 per account. This will save grandma's nest egg. A few banks, those who invested less riskily, will survive and get those deposits.
http://www.aldenteblog.com/2008/09/weekend-recip-2.html
After the second World War, builders developed new methods for constructing modern affordable homes quickly for returning servicemen who started families and pursued the American Dream. Some of those will last a long time, many won't.
http://www.neatorama.com/2008/04/04/phony-shirt-to-be-manufactured/
http://www.salon.com/comics/tomo/2008/09/23/tomo/
Seriously, these corporations already have more rights than people, and the fat cats that run them got a tax break AND will get millions in severance pay when they're fired. They'll not miss one meal over this crisis.
What the government should do is forget the bailout, let the banks fail. Give the money to the FDIC (it won't need 700 billion), and all depositors will get their money, up to $100,000 per account. This will save grandma's nest egg. A few banks, those who invested less riskily, will survive and get those deposits.