The heck of new senate bill – pros n cons

[DWCAP]

Damnit, I dont know if ANYONE on here supports ANY of this junk. I know I sure as hell dont. I really want to go to one of these rallies and ask some question to the point of:

“How can you justify keeping housing prices so outawack with incomes and such that people just starting out have no hope of ever buying without severly restricting our future standard of living so some nimrod who took out a bunch of HELOC’s for Plasma TV’s and corvetts can not loose money? Please dont address your answer to me, please address it to this young families 5 year old daughter with the brown deer eyes.”

Maybe then A counterpoint can be seen in the press in any other section other than “Opinion”. Unfornatually Bilbray and Davis dont really read a site like piggington, no matter how good for them to learn it may be.

In all reality the reason why people dont express more anger and frustration is because they dont know what to do. Call or email either of our Senators and you will get blown off with some LAME form letter. Same with our local congressman, cept you may actually get some bored college intern to talk to you and explain with his D- econ understanding how this will really help people.

You want to do something about it? Lets get together some time with all our friends, go to Congressman Bilbray or Congresswoman Davis’s office and send a message. Only problem is we will have to wait beind the Hope Now!, minority/civil/bleeding heart activits, and the Banking/finance lobbiests to see them. I am positive they are regular fixtures in this offices, if for no other reason than maybe the press will show up for a 30 second sound bite to show congress at work. I am still game. You name a time and place and ill be there.

[5yearwaiter]

Any way this bill is going to be passed soon and all side people voted for this and full details (more wonders) yet to come when this became public. A strange question always tick in my mind is, why do we punish criminal those who loot for money(and don’t hurt any one). We should also bailout them if this law this way senates converting. May be major people commit this kind of looties for money in future, may be senate can rewrite some new laws – how funny !!

5yearswaiter

[5yearwaiter]

Any way this bill is going to be passed soon and all side people voted for this and full details (more wonders) yet to come when this became public. A strange question always tick in my mind is, why do we punish criminal those who loot for money(and don’t hurt any one). We should also bailout them if this law this way senates converting. May be major people commit this kind of looties for money in future, may be senate can rewrite some new laws – how funny !!

5yearswaiter

[5yearwaiter]

Any way this bill is going to be passed soon and all side people voted for this and full details (more wonders) yet to come when this became public. A strange question always tick in my mind is, why do we punish criminal those who loot for money(and don’t hurt any one). We should also bailout them if this law this way senates converting. May be major people commit this kind of looties for money in future, may be senate can rewrite some new laws – how funny !!

5yearswaiter

[ibjames]

the reason all that will go through is because piggies are the minority, the gov doesn’t care about us. They have a million+1 people that shouldn’t have bought houses in line squaking about how they are out of luck and need a hand. Worse case to us, we save and save and still have nothing, but at least these people have their homes and politicians have votes! YAAAY!!!

[(former)FormerSanDiegan]

The National Debt has continued to increase an average of
$1.71 billion per day since September 29, 2006

That seems like a lot. If you divide it by the number of people in this country it amounts to $5.62 per day per person, or roughly 1.4 servings of Starbuck’s Grande Latte per day.

[(former)FormerSanDiegan]

The National Debt has continued to increase an average of
$1.71 billion per day since September 29, 2006

That seems like a lot. If you divide it by the number of people in this country it amounts to $5.62 per day per person, or roughly 1.4 servings of Starbuck’s Grande Latte per day.

[(former)FormerSanDiegan]

The National Debt has continued to increase an average of
$1.71 billion per day since September 29, 2006

That seems like a lot. If you divide it by the number of people in this country it amounts to $5.62 per day per person, or roughly 1.4 servings of Starbuck’s Grande Latte per day.

[(former)FormerSanDiegan]

The National Debt has continued to increase an average of
$1.71 billion per day since September 29, 2006

That seems like a lot. If you divide it by the number of people in this country it amounts to $5.62 per day per person, or roughly 1.4 servings of Starbuck’s Grande Latte per day.

[jonnycsd]

SD Realtor, I think we are talking past eachother here. IMHO I see the forest quite well – what I am looking for are details on some of the larger government interventions. There are no large actions described as part of the Senate bill that is the topic of this post.

I am sorry if you feel you should not have been renting. I believe that prudent people will all come out ahead. Having a catastrophic revaluation leading to depression and simulataneous dollar devaluation would not help anyone, and would really hurt renter/savers who depend on current year income or dollar denominated savings to buy groceries.

Free markets that operate well are regulated in many ways – look at US Equities – there are extensive trading rules, suspensions of trading when price movements are excessive, and substantial financial disclosure and reporting rules. A free market with market based pricing does not mean a free for all with no rules. Thankfully the Federal government is shoring up some of the wild west that characterized the housing/mortgage markets of the last 10 years.

Six months ago I wrote on this site that the correction would not all come in the form of a correction in real values alone (which would be a catastrophe for every American), but would also be facilitated by higher than normal inflation and targeted interventions by the government.

It is not clear to me that targeted interventions by the government are bad for the prudent per se. An orderly revaluation is in everyones best interest and allows renters becoming buyers to be secure in thier own financial situation.

So the challenge is that the government needs to intervene but in a reasonable way that doesn’t put too much burden on savers and tax payers.

Which is what I am asking for – any links to articles that detail the larger interventions involving financial transfers (like the $300BB one that people talk aobut a lot but seems to be without specifics or detail). I am seeing a forest and LOOKING FOR the trees.

Thanks in advance.

[jonnycsd]

SD Realtor, I think we are talking past eachother here. IMHO I see the forest quite well – what I am looking for are details on some of the larger government interventions. There are no large actions described as part of the Senate bill that is the topic of this post.

I am sorry if you feel you should not have been renting. I believe that prudent people will all come out ahead. Having a catastrophic revaluation leading to depression and simulataneous dollar devaluation would not help anyone, and would really hurt renter/savers who depend on current year income or dollar denominated savings to buy groceries.

Free markets that operate well are regulated in many ways – look at US Equities – there are extensive trading rules, suspensions of trading when price movements are excessive, and substantial financial disclosure and reporting rules. A free market with market based pricing does not mean a free for all with no rules. Thankfully the Federal government is shoring up some of the wild west that characterized the housing/mortgage markets of the last 10 years.

Six months ago I wrote on this site that the correction would not all come in the form of a correction in real values alone (which would be a catastrophe for every American), but would also be facilitated by higher than normal inflation and targeted interventions by the government.

It is not clear to me that targeted interventions by the government are bad for the prudent per se. An orderly revaluation is in everyones best interest and allows renters becoming buyers to be secure in thier own financial situation.

So the challenge is that the government needs to intervene but in a reasonable way that doesn’t put too much burden on savers and tax payers.

Which is what I am asking for – any links to articles that detail the larger interventions involving financial transfers (like the $300BB one that people talk aobut a lot but seems to be without specifics or detail). I am seeing a forest and LOOKING FOR the trees.

Thanks in advance.

[jonnycsd]

SD Realtor, I think we are talking past eachother here. IMHO I see the forest quite well – what I am looking for are details on some of the larger government interventions. There are no large actions described as part of the Senate bill that is the topic of this post.

I am sorry if you feel you should not have been renting. I believe that prudent people will all come out ahead. Having a catastrophic revaluation leading to depression and simulataneous dollar devaluation would not help anyone, and would really hurt renter/savers who depend on current year income or dollar denominated savings to buy groceries.

Free markets that operate well are regulated in many ways – look at US Equities – there are extensive trading rules, suspensions of trading when price movements are excessive, and substantial financial disclosure and reporting rules. A free market with market based pricing does not mean a free for all with no rules. Thankfully the Federal government is shoring up some of the wild west that characterized the housing/mortgage markets of the last 10 years.

Six months ago I wrote on this site that the correction would not all come in the form of a correction in real values alone (which would be a catastrophe for every American), but would also be facilitated by higher than normal inflation and targeted interventions by the government.

It is not clear to me that targeted interventions by the government are bad for the prudent per se. An orderly revaluation is in everyones best interest and allows renters becoming buyers to be secure in thier own financial situation.

So the challenge is that the government needs to intervene but in a reasonable way that doesn’t put too much burden on savers and tax payers.

Which is what I am asking for – any links to articles that detail the larger interventions involving financial transfers (like the $300BB one that people talk aobut a lot but seems to be without specifics or detail). I am seeing a forest and LOOKING FOR the trees.

Thanks in advance.

[jonnycsd]

SD Realtor, I think we are talking past eachother here. IMHO I see the forest quite well – what I am looking for are details on some of the larger government interventions. There are no large actions described as part of the Senate bill that is the topic of this post.

I am sorry if you feel you should not have been renting. I believe that prudent people will all come out ahead. Having a catastrophic revaluation leading to depression and simulataneous dollar devaluation would not help anyone, and would really hurt renter/savers who depend on current year income or dollar denominated savings to buy groceries.

Free markets that operate well are regulated in many ways – look at US Equities – there are extensive trading rules, suspensions of trading when price movements are excessive, and substantial financial disclosure and reporting rules. A free market with market based pricing does not mean a free for all with no rules. Thankfully the Federal government is shoring up some of the wild west that characterized the housing/mortgage markets of the last 10 years.

Six months ago I wrote on this site that the correction would not all come in the form of a correction in real values alone (which would be a catastrophe for every American), but would also be facilitated by higher than normal inflation and targeted interventions by the government.

It is not clear to me that targeted interventions by the government are bad for the prudent per se. An orderly revaluation is in everyones best interest and allows renters becoming buyers to be secure in thier own financial situation.

So the challenge is that the government needs to intervene but in a reasonable way that doesn’t put too much burden on savers and tax payers.

Which is what I am asking for – any links to articles that detail the larger interventions involving financial transfers (like the $300BB one that people talk aobut a lot but seems to be without specifics or detail). I am seeing a forest and LOOKING FOR the trees.

Thanks in advance.

[jonnycsd]

SD Realtor, I think we are talking past eachother here. IMHO I see the forest quite well – what I am looking for are details on some of the larger government interventions. There are no large actions described as part of the Senate bill that is the topic of this post.

I am sorry if you feel you should not have been renting. I believe that prudent people will all come out ahead. Having a catastrophic revaluation leading to depression and simulataneous dollar devaluation would not help anyone, and would really hurt renter/savers who depend on current year income or dollar denominated savings to buy groceries.

Free markets that operate well are regulated in many ways – look at US Equities – there are extensive trading rules, suspensions of trading when price movements are excessive, and substantial financial disclosure and reporting rules. A free market with market based pricing does not mean a free for all with no rules. Thankfully the Federal government is shoring up some of the wild west that characterized the housing/mortgage markets of the last 10 years.

Six months ago I wrote on this site that the correction would not all come in the form of a correction in real values alone (which would be a catastrophe for every American), but would also be facilitated by higher than normal inflation and targeted interventions by the government.

It is not clear to me that targeted interventions by the government are bad for the prudent per se. An orderly revaluation is in everyones best interest and allows renters becoming buyers to be secure in thier own financial situation.

So the challenge is that the government needs to intervene but in a reasonable way that doesn’t put too much burden on savers and tax payers.

Which is what I am asking for – any links to articles that detail the larger interventions involving financial transfers (like the $300BB one that people talk aobut a lot but seems to be without specifics or detail). I am seeing a forest and LOOKING FOR the trees.

Thanks in advance.

[jonnycsd]

This bill is small potatoes. The biggest thing mentioned is a $15BB to allow some builders to carry forward historical losses to future tax returns.

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