pajamasmedia.com - 2/19/2009
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MEGAN MCARDLE ON OBAMA’S HOUSING PLAN: “Well, the obvious point is that it represents a massive transfer to borrowers from lenders and the rest of us. As far as I can tell, there is no penalty for having borrowed more than you could realistically afford to repay–not so much ...
pajamasmedia.com - 2/13/2009
eschatonblog.com - 2/18/2009
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eschatonblog.com —
At first pass it looks ok. Basically it
tells Fannie and Freddie to refinance loans they have...
for certain borrowers at a lower rate, and uses various carrots to encourage other lenders to also do so. I still think allowing bankruptcy cramdowns, ...
(more)
Housing Plan
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McArdle: There Is No "Someone Else"
Riehl World View —
h/t Instapundit for this item on Obama's housing plan by Megan McArdle:
Me, I think if we think homeowners should get free reductions in their interest rates, we should pay for it, not make a law forcing someone else to do so.
I think the plan warrants stronger opposition, take serious exception to its "bounty" provisions - and Americans have to stop thinking that there is some "someone else." The new Murtha scandal, as much as anything else, tells us that. The corporate interests behind the mortgage industry will ...
Bailing Out Speculators
Chicago Boyz —
... [h/t Instapundit]. This sucks. Why? Why would I be so heartless as to oppose helping people whose home ownership stands at risk due to the banking crisis? ...
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The problem with Megan McArdle
israelmatzav.blogspot.com 1/1/2009 — The Atlantic's Megan McArdle - who never blogs about the Israel-'Palestine' conflict - blogs about the Israel-'Palestine' conflict (Hat Tip: Memeorandum). And when it comes to Israel, the best she can do is to set up a straw man and knock him down. ...
First 100 Days: Housing/stimulus news —
First Read 2/19/2009
The Boston Globe on the home-foreclosure plan President Obama unveiled yesterday: "Warning that doing nothing would cost all Americans, Obama presented a three-part plan that contains $75 billion to help modify loans for as many as 4 million ...
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