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

To: patron_anejo_por_favor who wrote (262797)	7/21/2010 3:12:21 PM
From: grusum	Respond to of 306849

that's right, but price distortions can be minimized with a free market in money. let the market set the rates and they will float at a rate that lending will become attractive. of course that would mean the end of extend and pretend and all the rest of the government meddling. and housing would crash like the lead balloon that it is. but heck, the savers could pick up some very cheap homes and rent them out at low rates so that people could have more money to spend in the economy. but na, that goes against what the govie wants.

To: patron_anejo_por_favor who wrote (262797)	7/21/2010 3:12:21 PM
From: The Reaper	Read Replies (2) \| Respond to of 306849

Oh for Chrissake, another dimwit Congressman.. thehill.com Each day, $4 trillion dollars of currency are traded. For international businesses and travelers, trading dollars for other currencies serve a legitimate purpose. However, nearly 80 percent of these transactions are undertaken by a handful of major banks. Experts agree that most of these transactions are made for purely speculative purposes. Wealthy traders and big financial institutions make huge bets on the fluctuations in currency value, and they can make massive profits if their bets are correct. This type of speculation helped to worsen the recent financial crisis (Me: How?) and serves no purpose other than to make a few people and institutions even richer. Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax — of 0.005 percent — on these currency transactions. The money raised would be put toward investments in children, global health and climate change mitigation. For the average person or business, this small tax will hardly be noticed (Except if you have business with a bank because you know darn well it's going to be us footing this tax.) But, due to the extreme speculation that takes place, it would raise significant funds. Studies estimate a worldwide 0.005 percent tax on dollar transactions would raise $28 billion a year and reduce currency speculation by 14 percent. (No it won't. Who came up with that number?) And to make matters worse, Stark wants to send this money overseas. WHAT THE HELL?