No Limits on the GSEs

[Deal Hunter]

Because when you look closely enough there is NO difference between Republicans and Democrats.

The rhetoric of privitization is hallmark Republican, but the mechanism of privitization can be easily worked into a Democratic agenda. Same goes for elimination or limitation of mortgage interest deduction. Can you see a Democratic congress or president twisting mortgage interest reform as a way to “take from the rich and give to the poor?” Yep, piece of cake.

And other anomalies like, “Wall Street loves Clinton (both Bill and Hill).” Or, why do “free-market, Reagan/Goldwater Republicans” tolerate the existence of the Federal Reserve?

Again, pardon my extreme cynicism, but I did warn you.

[SD Realtor]

Well Deal Hunter –

I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.

That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.

I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.

In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.

My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?

Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.

SD Realtor

[SD Realtor]

Well Deal Hunter –

I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.

That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.

I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.

In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.

My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?

Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.

SD Realtor

[SD Realtor]

Well Deal Hunter –

I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.

That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.

I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.

In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.

My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?

Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.

SD Realtor

[SD Realtor]

Well Deal Hunter –

I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.

That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.

I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.

In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.

My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?

Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.

SD Realtor

[SD Realtor]

Well Deal Hunter –

I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.

That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.

I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.

In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.

My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?

Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.

SD Realtor

[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[SD Realtor]

No I have not read it but will look for it…

I need to read more and blog less…hehehehhe… probably will not happen though.

Forgotten Man is a good read about how our government dealt with our depression. That was a good read as well. Funny how privatization ultimately fixes things but intervention does not.

SD Realtor

[SD Realtor]

No I have not read it but will look for it…

I need to read more and blog less…hehehehhe… probably will not happen though.

Forgotten Man is a good read about how our government dealt with our depression. That was a good read as well. Funny how privatization ultimately fixes things but intervention does not.

SD Realtor

[SD Realtor]

No I have not read it but will look for it…

I need to read more and blog less…hehehehhe… probably will not happen though.

Forgotten Man is a good read about how our government dealt with our depression. That was a good read as well. Funny how privatization ultimately fixes things but intervention does not.

SD Realtor

[SD Realtor]

No I have not read it but will look for it…

I need to read more and blog less…hehehehhe… probably will not happen though.

Forgotten Man is a good read about how our government dealt with our depression. That was a good read as well. Funny how privatization ultimately fixes things but intervention does not.

SD Realtor

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