Tag Archives: mortgage crisis

Chicago Tea Party

Rick Santelli just went off on Obama’s housing proposal live on CNBC from the commodities trading floor in Chicago. It’s now the headline on Drudge: VIDEO: ‘The government is promoting bad behavior… do we really want to subsidize the losers’ … Continue reading

Posted in Chris' Page, Domestic Politics, Economics, housing, Investing, regulation, taxes | Tagged , , , , , | 1 Comment

…and I want a pony!

Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as … Continue reading

Posted in Economics, Lance's Page | Tagged , , , , , , | Leave a comment

Mixed Economies: Efficacy Without Moral Narrative

(photo: Ian Murchison | website) The nationalization of Fannie & Freddie is often presented as a crisis of faith for the political right, due to its manifest incompatibility with the advertised belief in the “free market.” However, Sunder Katwala at … Continue reading

Posted in Domestic Politics, Economics, Lee's Page | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fannie and Freddie Taken Over

Redstate A good description of what just happened to Fannie Mae and Freddie Mac and some reasons why. This made me laugh. “If we were in China, they’d probably have “committed suicide” with bullets inexplicably entering the backs of their … Continue reading

Posted in Around the Web, Economics, MikeR's Page | Tagged , , , , , , , , , , , | 2 Comments

The Nationalization of the Housing Market

Regular readers know that I have been harping on the likely collapse in housing since this blog began. At this point I am hardly an outlier in being concerned, which means now the politicians and experts are ready to ride … Continue reading

Posted in Domestic Politics, Economics, Investing, Lance's Page, regulation | Tagged , , , , | Leave a comment

A Chicken in Every Pot

Have you ever met a politician who didn’t make promises that could not be delivered? I haven’t, either. Of course, there are promises… and then there are promises. If you are someone with an adjustable rate mortgage who has run … Continue reading

Posted in Domestic Politics, Economics, Election 2008, Peg's Page | Tagged , , , | Leave a comment