tag:blogger.com,1999:blog-13164186.post1966424906408481446..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Housing Bailout Again Under Consideration This WeekDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-13164186.post-51661743805352379932009-06-22T18:01:43.909-04:002009-06-22T18:01:43.909-04:00marvin said...
"Acccording to news, on JUne 1...marvin said...<br />"Acccording to news, on JUne 10 this year, Obama Bailout turned a profit' of $1.8 billion in interest payments on the first set of bank loans that were repaid.' That's a very good indication! :)"<br /><br />Sorry, Marvin, you've got your facts wrong. First of all, the $1.8 billion profit has absolutely nothing to do with the blog entry above. The $1.8 billion profit comes from TARP, which didn't exist and wasn't even under consideration at the time this blog entry was posted in July 2008.<br /><br />Furthermore, TARP was signed into law by President Bush, not President Obama. Giving Obama credit for Bush's actions is dishonest.<br /><br />Finally, any TARP gains from bailing out the banks is being overwhelmed by losses from bailing out the auto industry. The banking industry has good long-term economics working in its favor. The auto industry does not.Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-37785026530974129912008-07-08T21:11:00.000-04:002008-07-08T21:11:00.000-04:00Housing Crunch-Man said..."I think it will be inte...Housing Crunch-Man said...<BR/><I>"I think it will be interesting to see how this plan works. There's no doubt that something needs to be done."</I><BR/><BR/>The time to do something about the problem was five or six years ago before the housing bubble got too far out of control. Now a price correction is badly needed to bring things back into balance.<BR/><BR/>In the <A HREF="http://www.wright-house.com/religions/taoism/tao-te-ching.html#63" REL="nofollow">words of Lao Tzu</A>:<BR/><BR/><I>Difficult problems are best solved while they are easy.<BR/>Great projects are best started while they are small.</I>Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-4554049469382260172008-07-07T14:31:00.000-04:002008-07-07T14:31:00.000-04:00I think it will be interesting to see how this pla...I think it will be interesting to see how this plan works. There's no doubt that something needs to be done.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-78070005958476166502008-07-07T12:06:00.000-04:002008-07-07T12:06:00.000-04:00Ken Harney, of all people, made me painfully aware...Ken Harney, of all people, made me painfully aware in his WashPost article over the weekend that the $8k "tax credit" trumpeted for first-time buyers actually has to be paid back to the IRS over the life of the mortgage. so it's really just an interest-free loan, not at all a tax credit. <BR/><BR/>sneaky b*stards, those Bank of America lobbyists.Anonymousnoreply@blogger.com