[Aecetia]

“True affordability comes in
Submitted by CA renter on April 11, 2008 – 8:03pm.”
I think this is well-written.

{True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.}

[Aecetia]

Maybe she is a cyborg built by Republican scientists.

[Aecetia]

Maybe she is a cyborg built by Republican scientists.

[Aecetia]

Maybe she is a cyborg built by Republican scientists.

[Aecetia]

Maybe she is a cyborg built by Republican scientists.

[Aecetia]

Maybe she is a cyborg built by Republican scientists.

[Aecetia]

Who is really calling the shots:

Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By William Patalon III
Executive Editor
Money Morning/The Money Map Report

“And yet, that wasn’t the mortgage market itself that forced the hand of U.S. Treasury Secretary Henry M. “Hank” Paulson: It was the $5.2 trillion in so-called Fannie and Freddie “agency debt” – of which more than $1.3 trillion, or about 25%, was held by foreign investors. Total U.S. agency debt of all types was said to be slightly more than $1.5 trillion. Without the bailout, China’s financial position may have been damaged: Of that country’s $1.8 trillion in foreign currency reserves, as much as 70% is held in dollar-denominated assets. With $376 billion in GSE debt, China was also the top holder of the bonds issued by Fannie Mae and Freddie Mac. If China were to lose confidence in the U.S. currency – dumping the dollar – it’s hard to say with certainty just how bad things could get. Should foreign investors rampantly discard the dollar, the greenback would plunge against other currencies.”

[Aecetia]

Who is really calling the shots:

Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By William Patalon III
Executive Editor
Money Morning/The Money Map Report

“And yet, that wasn’t the mortgage market itself that forced the hand of U.S. Treasury Secretary Henry M. “Hank” Paulson: It was the $5.2 trillion in so-called Fannie and Freddie “agency debt” – of which more than $1.3 trillion, or about 25%, was held by foreign investors. Total U.S. agency debt of all types was said to be slightly more than $1.5 trillion. Without the bailout, China’s financial position may have been damaged: Of that country’s $1.8 trillion in foreign currency reserves, as much as 70% is held in dollar-denominated assets. With $376 billion in GSE debt, China was also the top holder of the bonds issued by Fannie Mae and Freddie Mac. If China were to lose confidence in the U.S. currency – dumping the dollar – it’s hard to say with certainty just how bad things could get. Should foreign investors rampantly discard the dollar, the greenback would plunge against other currencies.”

[Aecetia]

Who is really calling the shots:

Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By William Patalon III
Executive Editor
Money Morning/The Money Map Report

“And yet, that wasn’t the mortgage market itself that forced the hand of U.S. Treasury Secretary Henry M. “Hank” Paulson: It was the $5.2 trillion in so-called Fannie and Freddie “agency debt” – of which more than $1.3 trillion, or about 25%, was held by foreign investors. Total U.S. agency debt of all types was said to be slightly more than $1.5 trillion. Without the bailout, China’s financial position may have been damaged: Of that country’s $1.8 trillion in foreign currency reserves, as much as 70% is held in dollar-denominated assets. With $376 billion in GSE debt, China was also the top holder of the bonds issued by Fannie Mae and Freddie Mac. If China were to lose confidence in the U.S. currency – dumping the dollar – it’s hard to say with certainty just how bad things could get. Should foreign investors rampantly discard the dollar, the greenback would plunge against other currencies.”

[Aecetia]

Who is really calling the shots:

Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By William Patalon III
Executive Editor
Money Morning/The Money Map Report

“And yet, that wasn’t the mortgage market itself that forced the hand of U.S. Treasury Secretary Henry M. “Hank” Paulson: It was the $5.2 trillion in so-called Fannie and Freddie “agency debt” – of which more than $1.3 trillion, or about 25%, was held by foreign investors. Total U.S. agency debt of all types was said to be slightly more than $1.5 trillion. Without the bailout, China’s financial position may have been damaged: Of that country’s $1.8 trillion in foreign currency reserves, as much as 70% is held in dollar-denominated assets. With $376 billion in GSE debt, China was also the top holder of the bonds issued by Fannie Mae and Freddie Mac. If China were to lose confidence in the U.S. currency – dumping the dollar – it’s hard to say with certainty just how bad things could get. Should foreign investors rampantly discard the dollar, the greenback would plunge against other currencies.”

[Aecetia]

Who is really calling the shots:

Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By William Patalon III
Executive Editor
Money Morning/The Money Map Report

“And yet, that wasn’t the mortgage market itself that forced the hand of U.S. Treasury Secretary Henry M. “Hank” Paulson: It was the $5.2 trillion in so-called Fannie and Freddie “agency debt” – of which more than $1.3 trillion, or about 25%, was held by foreign investors. Total U.S. agency debt of all types was said to be slightly more than $1.5 trillion. Without the bailout, China’s financial position may have been damaged: Of that country’s $1.8 trillion in foreign currency reserves, as much as 70% is held in dollar-denominated assets. With $376 billion in GSE debt, China was also the top holder of the bonds issued by Fannie Mae and Freddie Mac. If China were to lose confidence in the U.S. currency – dumping the dollar – it’s hard to say with certainty just how bad things could get. Should foreign investors rampantly discard the dollar, the greenback would plunge against other currencies.”

[Aecetia]

Kaiserhof has good beer especially this time of year.

http://kaiserhofrestaurant.com/

[Aecetia]

Kaiserhof has good beer especially this time of year.

http://kaiserhofrestaurant.com/

[Aecetia]

Kaiserhof has good beer especially this time of year.

http://kaiserhofrestaurant.com/

[Aecetia]

Kaiserhof has good beer especially this time of year.

http://kaiserhofrestaurant.com/

[Author]

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