Thursday, November 26, 2009

Federal housing subsidies are insane

Federal housing subsidies are insane.


  1. Agree 100% The government should support renters, when they go bust it is much cheaper!

    Happy Thanksgiving all.

  2. I agree with these facts completely. Policy expansion is definitely going to create risks for American taxpayers.

  3. As mentioned before, with society backstopping so-called "toxic assets" that are wound up in unregulated and opaque derivatives like CDOs and CDSs, it makes sense to stimulate the mortgage market to unwind those positions. (More mortgages in straightforward vehicles which can be renegotiated if necessary.).

    The problem is that a libertarian advocacy group like Cato wouldn't want to regulate the opaque derivatives market because "free markets get it right" (when, obviously the recent meltdown proves they don't.). They probably wouldn't even have supported the bailout, preferring a total meltdown because "free markets" are about "losers benefiting winners," and thus creating a stronger market (even if everyone who didn't participate in the market have to suffer too).

    They're just looking at a micro-economic condition, ignoring the macro-economics (or, more likely, hoping recipients of their pamphleteering ignore Cato's libertarian macro view (wink)).

    For a discussion of the problem with libertarianism (as it guides Cato's pamphelteering) see the immediately preceeding blog entry's comments.

  4. Hi,
    This is Justine. Many congratulations for maintaining such wonderful site here.

    I am a Finance content writer, & website owner by profession. I own some quality financial websites (on--Real estate, Mortgage, Debt, Loan etc.)

    As I am into writing, I shall love to contribute you unique, relevant Mortgage article to publish in your sites. (For free, of course)

    ....And, I run the following finance sites. On any of them, I can happily place your Link.

    Please advise whether we both can go ahead. Feel free to contact me.

    Awaiting your earliest reply....

    Justine Anderson
    From Finance Care community

  5. Oh, I forgot to leave my E-mail ID in last comment. Here it is:

  6. Justine,
    Thanks but no thanks.

  7. Hmmm....James, so you won't like me as a contributor to your blog??


  8. Jesus Justine.

    Look this blog is popular and has about double the page rank your crap sites have. Quit SPAMMING!

    He is not going to take your "free" content that you link back to your crap blogs with. Give it up.

    AT least try to link trade with someone in your page rank 2-3 league. loser.