tag:blogger.com,1999:blog-11719208.post6903655942616740180..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Housing quote of the dayTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-64469410403204910642010-03-09T10:22:40.294-08:002010-03-09T10:22:40.294-08:00The banks that made these stupid loans are serving...The banks that made these stupid loans are serving no useful national purpose. Stop propping them up so that banks using sensible business strategies can start up to take their place. Propping up zombie banks that follow useless business strategies is the mistake Japan made.<br /><br />The taxpayer is currently making all new mortgage loans anyway, with the zombie banks leeching off the taxpayer guarantees. Just let Fannie/Freddie make loans directly until new private banks start up. That way, the taxpayer can at least limit his risk by choosing the loans. <br /><br />Immediately stop the Fed from buying these mortgages, since this creates a fantastic future risk of ripping off consumers with hyper inflation. The risk is unlimited with the printing press. The entire Baby Boom could lose their life savings to the mad printers, and economies have historically done very badly during hyper inflation. We could even lose our freedom during hyper inflation, the way the Germans did when Weimar printed. Hyper inflation is something to be avoided.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-86771260237491135722010-03-09T07:48:40.655-08:002010-03-09T07:48:40.655-08:00Well this boom-bust corporatism is going to contin...Well this boom-bust corporatism is going to continue unless someone steps up...<br /><br />Join me in supporting Rand Paul for Senate on March 23rd as part of a "Give Me Liberty" online moneybomb effort @ <a href="http://www.WinRandWin.com" rel="nofollow">http://www.WinRandWin.com</a><br /><br />His opponent is from a banking family and has industry hack written all over him...and the checks he cashes for his fund-raising.Anonymousnoreply@blogger.com