Comments on: Things You May Have Missed

By: foxyladi14

foxyladi14 — Sat, 21 Feb 2009 23:15:23 +0000

yep.it.s good been here for almost 50 years on GODS little acre..love it.leaving it to the grandkids.
it may not be worth a lot .in money.yet it is priceless.it.s HOME…

By: foxyladi14

foxyladi14 — Sat, 21 Feb 2009 23:00:24 +0000

thanks i didn’t know that..times change..

By: LD

LD — Sat, 21 Feb 2009 21:07:02 +0000

Heather,

I had read the first piece but not the others. I have always viewed him as somebody willing ti utilize his excessive wealth and influence to achieve extreme measures. That seems to me to be a dangerous combination.

I was not familiar with nor ahd ever heard of his desire to promote a liberal drug policy.

In short, I do not trust him.

These are very compelling reads. Thanks for sharing.

By: heather

heather — Sat, 21 Feb 2009 19:51:55 +0000

Have you read any of these articles? They may give you perspective on Mr. Soros.
and what he would be willing to do to change this country to match the image in his head:

http://www.americanthinker.com/2008/02/george_soros_and_the_alchemy_o.html
It refers to this article, which was written before the 2004 election:
http://archive.newsmax.com/archives/articles/2004/2/1/132047.shtml
and this is just an article about Soros that I found interesting because it details some of the money trail…..
http://www.aim.org/special-report/the-hidden-soros-agenda-drugs-money-the-media-and-political-power/

What do you think?

By: TeakwoodKite

TeakwoodKite — Sat, 21 Feb 2009 17:53:22 +0000

LD, Morning,

While listening to the am radio last eve, the host made mention of Dodds comment and how the market reacted.

He raised an interesting point on nationalization of banks. President Eisenhower was turned down by SCOTUS when nationalizing the steel industry…

Is it constitutional to do this with banks?

I am probably “showing my naiveté”, but yet the hey, it was an interesting question.

I agree the house is not a piggy bank. Bought at 200, the high was 700 and now the MLS shows a comp that went for 320. It use to be a form of stability to own a house with the long term view…

I saw the head of ACORN “protesting” over housing in Oakland, recommending squatting. Irony is that this same person was directly involved in sueing Fannie and Freddie to get these diseased loans in the first place.
So when Dodd gets money from Bears and Stern, sits on a committe that gave B&S the bailout money, it gets me pissed.

Thanks for the insightful articles you post.

By: PamFlorida

PamFlorida — Sat, 21 Feb 2009 16:55:54 +0000

I’ll be darned if I will pay for someone elses’s greed-homebuyer, investor or bank.
There has to be a logical, well thought out method to ameliorate the mortgage default situation. A temporary moratorium on foreclosures while these loans are re-evaluated objectively is a reasonable start.
Indiscriminately throwing billions of taxpayer money at the problem will just push the reckoning a little further into the future.
The Community Re-Investment Act (1977-?), which is the root of the problem, needs to be amended to include rational lending standards and stop this from happening again. That will prevent organizations like ACORN from using this law to force the banks into making these risky and predatory loans.

By: lark

lark — Sat, 21 Feb 2009 16:54:51 +0000

Exactly. It is a classic parallel example of religion ran amok. It is the reason why John the Baptist came before Jesus and had such an impact with well meaning Pharisees and the entire population of Jerusalem. “Without repentance there is no remission of sin.” Period. It doesn’t matter how many time you confess your sins, without repentance nothing really happens. Period. But churches lead people to believe in formulas for salvation.

Here you see the same thing. A formula for salvation that does not include repentance. Nothing happens in reality. Is just a farce.

By: Larry Doyle

Larry Doyle — Sat, 21 Feb 2009 16:49:10 +0000

Heather…I understand your feelings and share many of them but this is not an “all or nothing” situation. Plenty of people will be helped,some will be hurt, and some will game the system. Sounds like government to me!

By: karen

karen — Sat, 21 Feb 2009 16:30:56 +0000

This whole thing about people having to stop thinking of their homes as investments seems to play into Obama’s whole “spread the weath” or “level the playing field” thing. If our homes aren’t worth anything, we’re no better off than those who have homes, are we? The hardest hit people in this whole financial mess, from the position of LOSSES, seems to be the middle class people who worked to have homes and who saved in 401K’s only to see them be wiped out in a flash. No one is swooping in to replenish the 401k coffers, are they? No, because that would help the middle class get back money they have lost. And we’re being asked to bail out foreclosed homes in order to save the value of our homes even though IT WILL NOT WORK. So the middle class is screwed every which way as far as I can see–all in an effort to keep things “more fair” (Obama and Biden’s words). Let’s not even take into consideration the hard work and sacrifice most of us make to get where we are at. That is of no consequence to those people who wish to make us all equal.

By: lark

lark — Sat, 21 Feb 2009 16:05:39 +0000

That housing values plummet does not concern me one bit. That taxes go up do. What is happening is that government is taking more control of each individual’s life, yes, making life for some irresponsible people go merry while life for responsible people miserable. I think government wants communism and is trying to find something like it to rule us with.

By: lark

lark — Sat, 21 Feb 2009 16:00:03 +0000

Exactly. It can be seen clearly that the solutions are coming from people who do not love their country, they just love money. Money money.

By: lark

lark — Sat, 21 Feb 2009 15:54:18 +0000

I think I missed that Roubini is a hack. And probably a communist too. The worse it gets the better for him.

I think I missed that they don’t know what they are talking about. They only know about economics and finance. They don’t know about faith. They seem faithless unattached people who will sell everything for 30 pieces of silver.

Too bad they can’t solve this problem by government spending only 1/100 or even 1/500ths of the amount now on the table. Too bad. Too bad the best solution doesn’t even cost a dime. Too bad they are unable to propose it because they are faithless and clueless. Too bad.

By: heather

heather — Sat, 21 Feb 2009 15:49:53 +0000

Seriously, Larry, am I wrong, or am I missing something in this? This will not put a floor under the housing values – it will actually cause them to fall and encourage others, who might not ordinarily do so, to take advantage of the system. I have a feeling that it will be at the point that the normally responsible give up and jump in that they either a) rejoice, because their work is done, or b) decide that we just can’t keep going on this way and realize that they have to let people fail. Either way, the irresponsible will prosper, and the responsible will be brought down. I guess, since we are approaching that tipping point, where the irresponsible start to outnumber the responsible, we have a majority who are happy with the outcome?

By: Larry Doyle

Larry Doyle — Sat, 21 Feb 2009 15:34:51 +0000

Heather…your example highlights the essence of “moral hazard!!”

Thanks.

By: Larry Doyle

Larry Doyle — Sat, 21 Feb 2009 15:33:15 +0000

Sassy…thanks for sharing these insights. This point touches on the fact that the market itself is SO much larger than the plan and the market can’t be segmented. Thus the plans will have limited impact. The question to be asked is: will the plan influence the entire market or will the entire market influence the plan? Or some of each?