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  • an intriguing concept...

    Sure, its way far out than our preoccupation with our worsening recession. But, it's not only revolutionary - it just might work. Please read this artticle Barack Obama.
    Posted to Moneybox by david wayne osedach on September 20, 2008

  • Take a Lesson from Canada... it's all about good governance!

    Separation of Commercial and Investment banking (as if they were church and state) does not, automatically, create a stable and responsible banking system. It was foolish for the Fed to have thought so for so long. Around ten years ago, virtually every investment outlet in Canada was bought by one of the Country's ''Big Five'' Banks: Royal ...
    Posted to Moneybox by kontikka on September 16, 2008

  • Makes Me Laugh -- Elites With Furrowed Brows AT LAST - -

    So, the FDIC Chairman is a female children's book author from Massachusetts, who started her new job running security for our Nation's bank deposits since 2006? How fortunate for her. I am a Massachusetts/New Hampshire working guy going back to 1990, originally from the Midwest, with some college but no degree, and I have been ''getting ...
    Posted to Moneybox by MichaelBernard1 on July 18, 2008

  • GREED IS THE ONLY SELF-CORRECTING SIN

    Well-Well here we go again the same old line; leading to the same old game with might I say the same inevitable outcome. This is the talking down and the dumbing down of America. It is the wall street magicians old slight of hand trick. How this works is simple: get taxpayers to focus on the retoric; while they are distracted by happy talk, we ...
    Posted to Moneybox by Topflight on April 27, 2008

  • Call housing a commodity/Case closed

    Buying and Selling Housing Accounts as a Commodity What Greenspan (and Paulson) euphemistically call 'mis pricing risk' by the nation's financiers is more aptly described as their collective purchasing of 90% to 100% leveraged commodity accounts. At the end of the day, homes are a commodity. There are laws regulating the purchase and ...
    Posted to Moneybox by cognitorex on April 2, 2008

  • It's Bush's fault.

    There's plenty of fault to go around. However, it doesn't follow that if much of the blame lies with the Fed, that portion cannot also lie with the President. The two interact, both directly and indirectly. First, let's talk about the direct interaction. If you read Bill Clinton's autobiography, there's a good discussion of this kind of direct ...
    Posted to Kausfiles Special by Arkady on March 21, 2008

  • Re: The many logical problems of Mr. Landsburg

    You need to get in the trenches and make loans, collect loans, and educate people and treat people properly. But, when Uncle Sam allows mortgage companies to milk ''undisciplined'' applicants, and then the large banks, Citicorp, etc. to buy those loans, and are doing so to make an additonal mint, and then get caught in their own greed, I have no ...
    Posted to Everyday Economics by rhettt on March 4, 2008

  • Re: confusion twice confounded

    ''Those who have put down a substantial down payment will also loose their home.'' Wrong. I have been a loan officer since 1981 and the people who put down large down payments are also the ones who bought what they could afford and are disciplined not to charge endless credit card debt and try to live way above their means and then blow their ...
    Posted to Everyday Economics by rhettt on March 4, 2008

  • The case for foreclosures

    Absolutely. Plus, let the market handle the situation as the car market does. I'm tired of paying for bailout after bailout. We ( our family ) has stayed conservative, purchased what our budget could handle, not what our dreams were with every perk thinkable, saved down payments before buying, and stuck with a budget, and didn't pay credit cards ...
    Posted to Everyday Economics by rhettt on March 4, 2008

  • No worse off?

    ''If you get to live in a nice home for a few years and then lose it to foreclosure, you are not worse off than someone who never got to live in a nice home in the first place.'' So, let's say you put down 20% of the purchase price on a home, and get an adjustable rate mortgage so you can finance the rest of it. You figure that, even though the ...
    Posted to Everyday Economics by kohagen on March 4, 2008
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