[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.

[Deal Hunter]

The government is trying to send out Fannie and Freddie in the same way they were deployed back in the Great Depression – the last time credit siezed up this badly. It won’t work this time.

My usual response to the question, “how will the credit markets go back to normal?” is HIGHLY cyncial (so beware):
Massive, drastic and massively drastic tax reform. Most notable features of the tax reform is eliminiation of capital gains tax, privitazaion of social security, abolishment of the estate tax and limitation of mortgage interest deduction to mortgages under the national median home price (sorry CA, Fl, & NY).

A series of booms (including another housing boom) will follow this degree of tax reform as the tax burden is lifted from business and investments and summarily dumped on the shoulders of wage earners and their descendants. Everyone will rejoice and dance in the fields and quickly forget the stresses of 2007-2008. Everything will be wonderful, until that fateful day when the very first barrel of crude is sold with Euro.

[Deal Hunter]

The government is trying to send out Fannie and Freddie in the same way they were deployed back in the Great Depression – the last time credit siezed up this badly. It won’t work this time.

My usual response to the question, “how will the credit markets go back to normal?” is HIGHLY cyncial (so beware):
Massive, drastic and massively drastic tax reform. Most notable features of the tax reform is eliminiation of capital gains tax, privitazaion of social security, abolishment of the estate tax and limitation of mortgage interest deduction to mortgages under the national median home price (sorry CA, Fl, & NY).

A series of booms (including another housing boom) will follow this degree of tax reform as the tax burden is lifted from business and investments and summarily dumped on the shoulders of wage earners and their descendants. Everyone will rejoice and dance in the fields and quickly forget the stresses of 2007-2008. Everything will be wonderful, until that fateful day when the very first barrel of crude is sold with Euro.

[Deal Hunter]

The government is trying to send out Fannie and Freddie in the same way they were deployed back in the Great Depression – the last time credit siezed up this badly. It won’t work this time.

My usual response to the question, “how will the credit markets go back to normal?” is HIGHLY cyncial (so beware):
Massive, drastic and massively drastic tax reform. Most notable features of the tax reform is eliminiation of capital gains tax, privitazaion of social security, abolishment of the estate tax and limitation of mortgage interest deduction to mortgages under the national median home price (sorry CA, Fl, & NY).

A series of booms (including another housing boom) will follow this degree of tax reform as the tax burden is lifted from business and investments and summarily dumped on the shoulders of wage earners and their descendants. Everyone will rejoice and dance in the fields and quickly forget the stresses of 2007-2008. Everything will be wonderful, until that fateful day when the very first barrel of crude is sold with Euro.

[Deal Hunter]

The government is trying to send out Fannie and Freddie in the same way they were deployed back in the Great Depression – the last time credit siezed up this badly. It won’t work this time.

My usual response to the question, “how will the credit markets go back to normal?” is HIGHLY cyncial (so beware):
Massive, drastic and massively drastic tax reform. Most notable features of the tax reform is eliminiation of capital gains tax, privitazaion of social security, abolishment of the estate tax and limitation of mortgage interest deduction to mortgages under the national median home price (sorry CA, Fl, & NY).

A series of booms (including another housing boom) will follow this degree of tax reform as the tax burden is lifted from business and investments and summarily dumped on the shoulders of wage earners and their descendants. Everyone will rejoice and dance in the fields and quickly forget the stresses of 2007-2008. Everything will be wonderful, until that fateful day when the very first barrel of crude is sold with Euro.

[Deal Hunter]

The government is trying to send out Fannie and Freddie in the same way they were deployed back in the Great Depression – the last time credit siezed up this badly. It won’t work this time.

My usual response to the question, “how will the credit markets go back to normal?” is HIGHLY cyncial (so beware):
Massive, drastic and massively drastic tax reform. Most notable features of the tax reform is eliminiation of capital gains tax, privitazaion of social security, abolishment of the estate tax and limitation of mortgage interest deduction to mortgages under the national median home price (sorry CA, Fl, & NY).

A series of booms (including another housing boom) will follow this degree of tax reform as the tax burden is lifted from business and investments and summarily dumped on the shoulders of wage earners and their descendants. Everyone will rejoice and dance in the fields and quickly forget the stresses of 2007-2008. Everything will be wonderful, until that fateful day when the very first barrel of crude is sold with Euro.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

"Could a lawsuit be filed to prevent this bailout from happening? If the govt does something as stupid activity as this, how should the prudent people in this country react? "

It's up to our children to file.  You see, the money used by the government today will be paid back by the taxes our children and grandchildren and great grandchildren will pay.  Perhaps since they had no say in incurring this tax bill, they should file suit against the government for forcing them into indentured servitude.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Author]

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