Comments on: Is President Obama's Banking Bailout Plan Destined to be a Dud?

By: Pol79

Pol79 — Thu, 22 Oct 2009 15:55:08 +0000

Exchange is the lifeblood, not only of our economy, but of civilization itself. ,

By: Busy Man's Workout

Busy Man's Workout — Wed, 25 Feb 2009 00:13:18 +0000

"In contrast, consumers typically borrow to consume and in the process, do not improve their ability to repay."

Pretty much sums it up right there.

Great article Peter.

By: John

John — Thu, 19 Feb 2009 04:04:33 +0000

In the long run savings is the way to go. In the short run, with
limited cash and a limited time frame securitization is the way to
go.
This time round I would skip the rating companies and legislate
bi-annual mortgage credit profiles for anyone holding a loan, and give whoever access to the data.
The securitized loans can then be valued correctly and dynamically. Loans won't be made if they can't be sold.

Hook card/etc. credit to a person's savings position.
You save, you get credit, no save then only transactional credit
(credit to be paid off within 2 month window) is what you get.
Credit should become a privilege, not a right.
The U.S.should force alternative energy/gas to get off foreign oil and get serious about the trade gap between China. We
are loosing too much money overseas. It ends up in their banks,
not ours.

By: James Raider

James Raider — Wed, 18 Feb 2009 19:33:30 +0000

Are you responsible for your neighbor’s bad decisions?

http://pacificgatepost.blogspot.com/2009/02/obama-mitigating-mortgage-foreclosures.html

Obama and Congress appear to think so.