DISQUS

Nancyf · 1 year ago

So. Explain to us how they were making money on bad stock and we can evaluate your column. How do you make money on bad mortgages? And who would own the property if re-possessed?

somercet · 1 year ago

Is Nancyf a socialist bot who comments on every post?

The problem is not the bad housing stock. The problem is that if the borrower defaults, then the bank is stuck with an illiquid asset: the house. A government insurance policy would use the house as collateral: if the owner defaults, the government would buy the house from the lender and then sell it.

It would get the money from the premiums paid by lenders eager to cover their oversized risk.

Nancyf · 11 months ago

What would you know about socialism? You don't even seem to know what democracy is. Are you telling me you're reading all these blogs and rarely commenting. Do I bug you? Are you telling me I'm not welcome here? Do you own this blog? Bite me.

somercet · 11 months ago

sad.

It's a bot: who the heck brought up democracy?

Nancyf · 11 months ago

Do you hate democracy? Funny, that was the excuse those of you who supported our immoral war in Iraq used.

Nancyf · 11 months ago

Well, what a coincidence; I'm watching live with the housing market executives reveal themselves to be crooks.....THAT was the problem. When people break laws moral and civil, you naturally have the results of CHAOS!

Nancyf · 11 months ago

People like u are beginning to make me think maybe we SHOULD install a socialist society. Keep it up and you may convince me. Pig.