[AK]

I researched it a few years back …

The Riverside-San Diego segment will be the last to be completed. At least a decade according to the publicized schedule, which is undoubtedly very optimistic.

No details about cost. Extrapolating from the Coaster fares, it’ll be more than I can comfortably afford.

Doesn’t solve the last-mile problem … you either have a long walk or an uncertain bus connection ahead of you once you get off the train.

[AK]

Very much so.

I had to stop reading most economics blogs.

I’d be much better off drinking the same Kool-Aid as everyone else. You know, Green Shoots flavor.

[AK]

Very much so.

I had to stop reading most economics blogs.

I’d be much better off drinking the same Kool-Aid as everyone else. You know, Green Shoots flavor.

[AK]

Very much so.

I had to stop reading most economics blogs.

I’d be much better off drinking the same Kool-Aid as everyone else. You know, Green Shoots flavor.

[AK]

Very much so.

I had to stop reading most economics blogs.

I’d be much better off drinking the same Kool-Aid as everyone else. You know, Green Shoots flavor.

[AK]

Very much so.

I had to stop reading most economics blogs.

I’d be much better off drinking the same Kool-Aid as everyone else. You know, Green Shoots flavor.

[AK]

Here are my thoughts …

This might actually DEcrease risk to Fannie Mae, and therefore the cost to taxpayers. (At least in the short term.)

This might not be the best choice for homedebtors, but at least they’re taking responsibility for repaying the principal.

This won’t bail out the option ARM borrowers — I’m guessing that most of those loans aren’t held by Fannie, and in any case many of them couldn’t even qualify for a 0% refi.

I do think it’s a huge gift for the holders of 2nd TDs, HELOCs, and for mortgage insurers. They should be required to chip in. If they had any brains they’d do it without hesitation.

And as foreclosure prevention programs go, I think it’s better than forcible mortgage mods, cramdowns, and the other silly plans still being bounced around. It provides a way to save the few who can be saved, without a blind focus on “keeping people in their houses.”

[AK]

Here are my thoughts …

This might actually DEcrease risk to Fannie Mae, and therefore the cost to taxpayers. (At least in the short term.)

This might not be the best choice for homedebtors, but at least they’re taking responsibility for repaying the principal.

This won’t bail out the option ARM borrowers — I’m guessing that most of those loans aren’t held by Fannie, and in any case many of them couldn’t even qualify for a 0% refi.

I do think it’s a huge gift for the holders of 2nd TDs, HELOCs, and for mortgage insurers. They should be required to chip in. If they had any brains they’d do it without hesitation.

And as foreclosure prevention programs go, I think it’s better than forcible mortgage mods, cramdowns, and the other silly plans still being bounced around. It provides a way to save the few who can be saved, without a blind focus on “keeping people in their houses.”

[AK]

Here are my thoughts …

This might actually DEcrease risk to Fannie Mae, and therefore the cost to taxpayers. (At least in the short term.)

This might not be the best choice for homedebtors, but at least they’re taking responsibility for repaying the principal.

This won’t bail out the option ARM borrowers — I’m guessing that most of those loans aren’t held by Fannie, and in any case many of them couldn’t even qualify for a 0% refi.

I do think it’s a huge gift for the holders of 2nd TDs, HELOCs, and for mortgage insurers. They should be required to chip in. If they had any brains they’d do it without hesitation.

And as foreclosure prevention programs go, I think it’s better than forcible mortgage mods, cramdowns, and the other silly plans still being bounced around. It provides a way to save the few who can be saved, without a blind focus on “keeping people in their houses.”

[AK]

Here are my thoughts …

This might actually DEcrease risk to Fannie Mae, and therefore the cost to taxpayers. (At least in the short term.)

This might not be the best choice for homedebtors, but at least they’re taking responsibility for repaying the principal.

This won’t bail out the option ARM borrowers — I’m guessing that most of those loans aren’t held by Fannie, and in any case many of them couldn’t even qualify for a 0% refi.

I do think it’s a huge gift for the holders of 2nd TDs, HELOCs, and for mortgage insurers. They should be required to chip in. If they had any brains they’d do it without hesitation.

And as foreclosure prevention programs go, I think it’s better than forcible mortgage mods, cramdowns, and the other silly plans still being bounced around. It provides a way to save the few who can be saved, without a blind focus on “keeping people in their houses.”

[AK]

Here are my thoughts …

This might actually DEcrease risk to Fannie Mae, and therefore the cost to taxpayers. (At least in the short term.)

This might not be the best choice for homedebtors, but at least they’re taking responsibility for repaying the principal.

This won’t bail out the option ARM borrowers — I’m guessing that most of those loans aren’t held by Fannie, and in any case many of them couldn’t even qualify for a 0% refi.

I do think it’s a huge gift for the holders of 2nd TDs, HELOCs, and for mortgage insurers. They should be required to chip in. If they had any brains they’d do it without hesitation.

And as foreclosure prevention programs go, I think it’s better than forcible mortgage mods, cramdowns, and the other silly plans still being bounced around. It provides a way to save the few who can be saved, without a blind focus on “keeping people in their houses.”

[AK]

On my 401k, about 45% YTD.

Right after the crash I was so sickened by all the bailouts, I put everything into what I judged to be the worst possible investment … on the theory that the biggest losers would always be backed by the government. And that impulsive pick — junk bonds — turned out to be the investment of the year.

Of course those gains could be wiped out by a few hours of hyperinflation!

[AK]

On my 401k, about 45% YTD.

Right after the crash I was so sickened by all the bailouts, I put everything into what I judged to be the worst possible investment … on the theory that the biggest losers would always be backed by the government. And that impulsive pick — junk bonds — turned out to be the investment of the year.

Of course those gains could be wiped out by a few hours of hyperinflation!

[AK]

On my 401k, about 45% YTD.

Right after the crash I was so sickened by all the bailouts, I put everything into what I judged to be the worst possible investment … on the theory that the biggest losers would always be backed by the government. And that impulsive pick — junk bonds — turned out to be the investment of the year.

Of course those gains could be wiped out by a few hours of hyperinflation!

[AK]

On my 401k, about 45% YTD.

Right after the crash I was so sickened by all the bailouts, I put everything into what I judged to be the worst possible investment … on the theory that the biggest losers would always be backed by the government. And that impulsive pick — junk bonds — turned out to be the investment of the year.

Of course those gains could be wiped out by a few hours of hyperinflation!

[Author]

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