Comments on: Not a Bailout? http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html Dispatches from a Small Business Sun, 12 Feb 2012 02:42:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: dman http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8742 dman Sat, 12 Jan 2008 21:38:13 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8742 <p>somone spammed this site on my blog and thought someone needs to say something about it! http://www.fakepaycheckstubs.com IS THIS LEGAL? No wonder why we have the subprime mess why have TODAY! When lenders USE FAKE DOCUMENTATION to help PUSH the loan through and hence MAKE thier commissions, everyone losses! This is SO dispicible and blatent!!! NOW BANKS ARE BAILING OUT THESE CROOKS??? SOUNDS LIKE Savings & Loan SCANDAL of the 80's ALL OVER AGAIN!!! See this site with your own eyes at http://www.fakepaycheckstubs.com</p> somone spammed this site on my blog and thought someone needs to say something about it! http://www.fakepaycheckstubs.com IS THIS LEGAL? No wonder why we have the subprime mess why have TODAY! When lenders USE FAKE DOCUMENTATION to help PUSH the loan through and hence MAKE thier commissions, everyone losses! This is SO dispicible and blatent!!! NOW BANKS ARE BAILING OUT THESE CROOKS??? SOUNDS LIKE Savings & Loan SCANDAL of the 80′s ALL OVER AGAIN!!! See this site with your own eyes at http://www.fakepaycheckstubs.com

]]> By: dman http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8741 dman Sat, 12 Jan 2008 21:36:30 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8741 <p>somone spammed this site on my blog and thought someone needs to say something about it! http://www.fakepaycheckstubs.com IS THIS LEGAL? No wonder why we have the subprime mess why have when lenders USE FAKE DOCUMENTATION to help PUSH the loan through and hence MAKE thier commissions! dispicible and blatent!!! NOW BANKS ARE BAILING OUT THESE CROOKS??? SOUNDS LIKE Savings & Loan SCANDAL of the 80's ALL OVER AGAIN!!! See this site with your own eyes at http://www.fakepaycheckstubs.com</p> somone spammed this site on my blog and thought someone needs to say something about it! http://www.fakepaycheckstubs.com IS THIS LEGAL? No wonder why we have the subprime mess why have when lenders USE FAKE DOCUMENTATION to help PUSH the loan through and hence MAKE thier commissions! dispicible and blatent!!! NOW BANKS ARE BAILING OUT THESE CROOKS??? SOUNDS LIKE Savings & Loan SCANDAL of the 80′s ALL OVER AGAIN!!! See this site with your own eyes at http://www.fakepaycheckstubs.com

]]> By: Jim Hart http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8740 Jim Hart Tue, 18 Dec 2007 18:34:36 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8740 <p>I don't have insight into his motivations. I would love to hear more about it if you do. I pose the possibility that he has done a better job than I at making a difference. Certainly, he is not John Galt. But, perhaps closer to a Francisco-like Character who helps the system to move more quickly to demise. </p> <p>Bearster, I'm glad you get it. It warms my heart. </p> I don’t have insight into his motivations. I would love to hear more about it if you do. I pose the possibility that he has done a better job than I at making a difference. Certainly, he is not John Galt. But, perhaps closer to a Francisco-like Character who helps the system to move more quickly to demise.

Bearster, I’m glad you get it. It warms my heart.

]]> By: Bearster http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8739 Bearster Tue, 18 Dec 2007 16:22:11 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8739 <p>Greenspan took the job that John Galt refused. He's spent his whole career trying to prove the statists' thesis correct: that an expert who's smart enough actually *can* micromanage the economy. As such, he has done the exact opposite of D'Anconia or Galt.</p> Greenspan took the job that John Galt refused. He’s spent his whole career trying to prove the statists’ thesis correct: that an expert who’s smart enough actually *can* micromanage the economy. As such, he has done the exact opposite of D’Anconia or Galt.

]]> By: Jim Hart http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8738 Jim Hart Tue, 18 Dec 2007 00:52:39 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8738 <p>Greenspan is being sarcastic (imho). </p> <p>How ridiculous is it really, to suggest that the government give cash to people who make bad decisions... OH WAIT!!! That is what we do! Right, we give cash to people who can't or won't work, and punish people for working hard. </p> <p>Price controls create shortages. If they cap the interest rates, it will lead to a shortage of loan product, which will destroy the market and drive home prices down that much faster. I'm all for it.</p> <p>Perhaps Greenspan believes, as I do, that the only solution at this point is for the lights in New York City to go out, and for all of us to be in "Galt's Gulch"? Perhaps his plan has been to accelerate that exodus all along? Can you say, Francisco D'Anconia?<br /> </p> Greenspan is being sarcastic (imho).

How ridiculous is it really, to suggest that the government give cash to people who make bad decisions… OH WAIT!!! That is what we do! Right, we give cash to people who can’t or won’t work, and punish people for working hard.

Price controls create shortages. If they cap the interest rates, it will lead to a shortage of loan product, which will destroy the market and drive home prices down that much faster. I’m all for it.

Perhaps Greenspan believes, as I do, that the only solution at this point is for the lights in New York City to go out, and for all of us to be in “Galt’s Gulch”? Perhaps his plan has been to accelerate that exodus all along? Can you say, Francisco D’Anconia?

]]> By: Mesa Econoguy http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8737 Mesa Econoguy Tue, 18 Dec 2007 00:14:05 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8737 <p>I work in the markets, and I’ve had enough of Greenspan.</p> <p>I saw the promo for the same thing on CNBC (the saying is true – picture is on, but sound is off) and thought “oh, great. Doesn’t this guy know how to shut up?”</p> <p>Freezing interest rates is primarily a price control, which will fail. It is an exogenous nonmarket force that will result in greater dislocation, not less. That’s what Greenweenie was driving at, and why Bush is getting away with not calling this dumb idea what it is – a bailout (or at least a Mulligan) for irresponsible borrowers.</p> <p>But then again, government is an expert witness in that area, is it not?<br /> </p> I work in the markets, and I’ve had enough of Greenspan.

I saw the promo for the same thing on CNBC (the saying is true – picture is on, but sound is off) and thought “oh, great. Doesn’t this guy know how to shut up?”

Freezing interest rates is primarily a price control, which will fail. It is an exogenous nonmarket force that will result in greater dislocation, not less. That’s what Greenweenie was driving at, and why Bush is getting away with not calling this dumb idea what it is – a bailout (or at least a Mulligan) for irresponsible borrowers.

But then again, government is an expert witness in that area, is it not?

]]> By: Bearster http://www.coyoteblog.com/coyote_blog/2007/12/not-a-bailout.html/comment-page-1#comment-8736 Bearster Mon, 17 Dec 2007 23:33:56 +0000 http://coyote-blog.com/wordpress/2007/12/not-a-bailout.html#comment-8736 <p>I wouldn't offer or defend any kind of looting, because it's it's better in some regard than another kind. I think the litmus test is "if it wasn't for a competiting proposal, X, would I be saying this?"</p> <p>Just say that freezing interest rates represents looting by force, and leave it at that!</p> I wouldn’t offer or defend any kind of looting, because it’s it’s better in some regard than another kind. I think the litmus test is “if it wasn’t for a competiting proposal, X, would I be saying this?”

Just say that freezing interest rates represents looting by force, and leave it at that!

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