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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (151141)	9/27/2008 7:38:52 AM
From: Micawber	Read Replies (1) \| Respond to of 306849

Great post, especially this part: I understand that this is a really, really bad idea according classical free-market economic theory. You know me; I am as free market as it comes. But I also know that without immediate action a lot of people are really going to be hurt. Unemployment is not a good thing. Losses on your home and investments hurt. It is all nice and well to talk about theories and contend the market should be allowed to sort itself out; and if we have a deep recession, then that is what is needed. But the risk we take is not a deep recession but a soft depression. The consequences of inaction are simply unthinkable. I know the perma- doom & gloomers will never see it this way. They won't be happy until we're all buying our gruel and firewood with gold. Get over the ideologies. Enough of the grandstanding and photo opps. Get the damn deal done.

To: nextrade! who wrote (151141)	9/27/2008 8:42:26 AM
From: Poet	Respond to of 306849

Thanks for posting this. Mauldin's a reasonable man and clear writer. He makes good points not only about the potential consequences of inaction but about the partisan grandstanding by the likes of Barney Frank and Co. Enough already with the politicking. I only hope Washington listens.

To: nextrade! who wrote (151141)	9/27/2008 11:07:35 AM
From: bentway	Read Replies (2) \| Respond to of 306849

"Why are banks not lending to each other? Because they don't know what kind of assets are on each other's books." Why isn't legislated transparency the solution to this problem? Open up the books of all the banks to each other.