calculatedriskblog.com - 2/18/2009
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There are three parts to the plan. For each part, I'll provide the Obama administration overview ( from the WSJ ) and then add some comments ... my objections are to part #2. 1. Affordability: Provide Access to Low-Cost Refinancing for Responsible Homeowners Suffering From Falling Home Prices ...
globaleconomicanalysis.blogspot.com - 2/19/2009
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globaleconomicanalysis.blogspot.com —
In a fiat world, money is printed into
existence by the central bank - in the United...
States the Fed. Given there is nothing backing up this money, it is inherently worthless. However, one can think of as real. It was printed (even if only ...
(more)
Fiat World Mathematical Model
economistsview.typepad.com - 2/19/2009
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economistsview.typepad.com —
I'm between classes, so here's a few quick
takes from here and there on the housing proposal:...
A good plan, except.., by Richard Green :. I just watched the President outline his mortgage plan. I think it has two of the three key elements ...
(more)
Obama's Housing Plan
bloomberg.com - 2/20/2009
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bloomberg.com —
Feb. 20 (Bloomberg) -- Asian investors won’t buy
debt and mortgage-backed securities from Fannie Mae and Freddie...
Mac until they carry explicit U.S. guarantees, similar to those given on bonds issued by Bank of America Corp. or Citigroup Inc. The ...
(more)
Fannie Mae Rescue Hindered as Asians Seek Guarantee ...
Comments
Blog Reactions
The Plan
Bear Mountain Bull —
... These plans are coming so fast furious that I can’t possibly keep them all straight, and the whole mess just makes my head spin. One thing I do know for certain — this plan does absolutely nothing good for me . And as a taxpayer, it’s likely to cost me money — just like all the rest of them. I’ll just watch the market to see what it does. Right now, it’s not giving any of this stuff a real warm reception. Update: If you’re interested in a breakdown of and comments on the plan, head over to Calculated Risk .
Assorted links
Marginal Revolution —
1. Hacking Obama's Blackberry. 2. Hacking a university press. 3. Hacking Obama's housing plan. And here is a good critique. 4. Markets in everything, sell advertising space on your bald head. 5. China mad architectural design plan of the day.
Obama's Housing Plan
Economist's View —
...
Comments on Housing Plan, by Calculated Risk: There are three parts to the
plan. For each part, I'll provide the Obama administration overview ( ...
What to think of Obama's housing plan
Marginal Revolution —
The ever-worthy Mark Thoma rounds up reactions and analyses, including some critical remarks from CalculatedRisk and some praise from Felix Salmon. WSJ surveys a few reactions as well. I'll add some observations: 1. Housing prices ought to be lower, and as quickly as possible. So aiding homeowners cannot be justified on the grounds of propping up prices, which is difficult to accomplish anyway. Such aid has to be justified in some other way. The main argument is that our ex post procedures for foreclosures are not ...
Thursday links: leveraged volume
Abnormal Returns —
This Week’s Links
Business Pundit —
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