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2011-10-29 Fifth Column

So stupid only an academic could think this

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Posted by Bright Pebbles 2011-10-29 00:00|| || Front Page|| [2 views ] Top

#1 "...credit standards...are too high..."
Good Lord. Did he really say that?
Planet check: Summers, this is Earth. Where are you?

Posted by Richard Aubrey 2011-10-29 05:58|| 2011-10-29 05:58|| Front Page Top

#2 We are going to hear more of this sort of talk:
"Aggressive efforts by the GSEs to finance mass sales of foreclosed properties to those prepared to rent them out could benefit both potential renters and the housing market".

They are doing this in Ireland. The foreclosed property is rented back to the original owner if able to handle it. So part of the rent is money owed and part is paid to government program. I can see government programs also operate like a safety net to assist renter qualification. In this country they are now foreclosing and the people lose their home. When the property is sold. The difference can be substantial. The people will then get a bill for the difference to pay back.
Property taxes are a huge revenue. Various parties want that revenue back. I can hear the pitch now and the public support. O's stash.

Posted by Dale 2011-10-29 09:19|| 2011-10-29 09:19|| Front Page Top

#3 Damn those govmint meddling Keynesian economists who think you can spend your way into prosperity. Temporary governmental fixes become permanent. Government bureaucracies expand. The private sector diminishes and jobs decrease. There are fewer and fewer taxpayers to support the non-taxpayers. Oh, that's where we are at today.

Posted by JohnQC 2011-10-29 15:57|| 2011-10-29 15:57|| Front Page Top

23:39 JosephMendiola
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