[jstoesz]

As an aside to CAR,

Anyone who points their finger at one thing, GSE’s, congress, private lenders, greedy borrowers, Global pool of money sloshing…If you put your finger on one and say, that’s who did it. You are incredibly wrong. The GSE’s clearly played a big role. To insinuate otherwise is shockingly blind. Imagine for a second, that they did not exist, there was no fha, Fannie and Freddie, HUD, etc. would we have had the bubble? Hard to know, but they were clearly a key contributor.

Lets talk about a similar arena in which GSE’s are also prevalent.

Student loans…Arguably a bigger bubble in terms of YOY growth than the housing bubble…only it has yet to pop.

Do you think the infusion of easy debt and loan shark like collections rules has made a college education cheaper/more affordable? Has the infusion of easy debt made the quality of our education better?

further exposition.
http://www.studentloanjustice.org/problem.htm

Now is Sallie Mae solely responsible for the raping of “students?” Of course not. But are they a key contributor and are they “evil?” Probably!

I would contend that the same market dislocations and distortions done by the GSE’s of the education bubble are the same with the housing bubble.

It all comes back to the law of untended consequences. My first link.

[jstoesz]

As an aside to CAR,

Anyone who points their finger at one thing, GSE’s, congress, private lenders, greedy borrowers, Global pool of money sloshing…If you put your finger on one and say, that’s who did it. You are incredibly wrong. The GSE’s clearly played a big role. To insinuate otherwise is shockingly blind. Imagine for a second, that they did not exist, there was no fha, Fannie and Freddie, HUD, etc. would we have had the bubble? Hard to know, but they were clearly a key contributor.

Lets talk about a similar arena in which GSE’s are also prevalent.

Student loans…Arguably a bigger bubble in terms of YOY growth than the housing bubble…only it has yet to pop.

Do you think the infusion of easy debt and loan shark like collections rules has made a college education cheaper/more affordable? Has the infusion of easy debt made the quality of our education better?

further exposition.
http://www.studentloanjustice.org/problem.htm

Now is Sallie Mae solely responsible for the raping of “students?” Of course not. But are they a key contributor and are they “evil?” Probably!

I would contend that the same market dislocations and distortions done by the GSE’s of the education bubble are the same with the housing bubble.

It all comes back to the law of untended consequences. My first link.

[jstoesz]

Food for thought…

http://paper-money.blogspot.com/2010/09/fraud-and-fraudulent-fruadsters-that.html

[jstoesz]

Food for thought…

http://paper-money.blogspot.com/2010/09/fraud-and-fraudulent-fruadsters-that.html

[jstoesz]

Food for thought…

http://paper-money.blogspot.com/2010/09/fraud-and-fraudulent-fruadsters-that.html

[jstoesz]

Food for thought…

http://paper-money.blogspot.com/2010/09/fraud-and-fraudulent-fruadsters-that.html

[jstoesz]

Food for thought…

http://paper-money.blogspot.com/2010/09/fraud-and-fraudulent-fruadsters-that.html

[jstoesz]

First if government only prints and spends, fiat currency will cease to have value…Just give it time.

Something I would suggest you read before you claim that government is better at spending our money than we are.

Sometimes that hand up is really an unintended backhand.

Not that all government spending is bad, lets limit its potential damage to only the most dire situations.

[jstoesz]

First if government only prints and spends, fiat currency will cease to have value…Just give it time.

Something I would suggest you read before you claim that government is better at spending our money than we are.

Sometimes that hand up is really an unintended backhand.

Not that all government spending is bad, lets limit its potential damage to only the most dire situations.

[jstoesz]

First if government only prints and spends, fiat currency will cease to have value…Just give it time.

Something I would suggest you read before you claim that government is better at spending our money than we are.

Sometimes that hand up is really an unintended backhand.

Not that all government spending is bad, lets limit its potential damage to only the most dire situations.

[jstoesz]

First if government only prints and spends, fiat currency will cease to have value…Just give it time.

Something I would suggest you read before you claim that government is better at spending our money than we are.

Sometimes that hand up is really an unintended backhand.

Not that all government spending is bad, lets limit its potential damage to only the most dire situations.

[jstoesz]

First if government only prints and spends, fiat currency will cease to have value…Just give it time.

Something I would suggest you read before you claim that government is better at spending our money than we are.

Sometimes that hand up is really an unintended backhand.

Not that all government spending is bad, lets limit its potential damage to only the most dire situations.

[jstoesz]

the sea of demand was tongue and cheek…maybe I should have said a “sea of cheap, dagger catching, low ballers.” Can we all agree on this sea. Heck I probably even fall into this category on my more impatient days.

I think people are moaning and groaning, because they do not want to wait. They are willing, but frustrated that we can not just get this over with like some kind of monetary band-aid to be ripped off. On top of that the uncertainty is brutal, I think prices will go down, but WHEN will I be able to afford to live like my peer group and not be saddled with enormous debt (unlike my peer group).

I think you are right about all 4 points, and I would like to add one more. People like to feel like they are getting a good deal, regardless of whether they are or not. The short term, I got a good deal, feeling can potentially outweigh the, prices are still going to drop, fear.

[jstoesz]

the sea of demand was tongue and cheek…maybe I should have said a “sea of cheap, dagger catching, low ballers.” Can we all agree on this sea. Heck I probably even fall into this category on my more impatient days.

I think people are moaning and groaning, because they do not want to wait. They are willing, but frustrated that we can not just get this over with like some kind of monetary band-aid to be ripped off. On top of that the uncertainty is brutal, I think prices will go down, but WHEN will I be able to afford to live like my peer group and not be saddled with enormous debt (unlike my peer group).

I think you are right about all 4 points, and I would like to add one more. People like to feel like they are getting a good deal, regardless of whether they are or not. The short term, I got a good deal, feeling can potentially outweigh the, prices are still going to drop, fear.

[jstoesz]

the sea of demand was tongue and cheek…maybe I should have said a “sea of cheap, dagger catching, low ballers.” Can we all agree on this sea. Heck I probably even fall into this category on my more impatient days.

I think people are moaning and groaning, because they do not want to wait. They are willing, but frustrated that we can not just get this over with like some kind of monetary band-aid to be ripped off. On top of that the uncertainty is brutal, I think prices will go down, but WHEN will I be able to afford to live like my peer group and not be saddled with enormous debt (unlike my peer group).

I think you are right about all 4 points, and I would like to add one more. People like to feel like they are getting a good deal, regardless of whether they are or not. The short term, I got a good deal, feeling can potentially outweigh the, prices are still going to drop, fear.

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