Comments on: The Silent Economic Depression: Lessons from the Great Depression Part XIX: Revising the Economic Past. http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:31:34 +0000 http://wordpress.org/?v=2.2.2 By: Richard http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25230 Richard Tue, 30 Sep 2008 06:01:47 +0000 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25230 Perhaps there is a silver lining...even behind this grotesquely convoluted bailout/rescue attempt by Congress, Paulson er al. The United States has a unique history of development with a focus on hard work, honesty and opportunity for those who are determined and willing to subscribe to behaviors that are honorable. In recent years, this has been masked by greed and a new ammoral behavior that favours the fast and easy buck, at all costs. Now that the Emperor has been shown to have few clothes, the old america, the grass roots america is recharging its governance with a second sober look at those founding principles. I am proud of those members of Congress who have had the fortitude to separate the chaff from the grain and seen this bailout for what it is- a betrayal of american ideals in every way. I have been proud to add my one voice to the groundswell of opinion that desires a return to fair play and freedom. And, I am Canadian as an aside. Perhaps there is a silver lining…even behind this grotesquely convoluted bailout/rescue attempt by Congress, Paulson er al.

The United States has a unique history of development with a focus on hard work, honesty and opportunity for those who are determined and willing to subscribe to behaviors that are honorable. In recent years, this has been masked by greed and a new ammoral behavior that favours the fast and easy buck, at all costs.

Now that the Emperor has been shown to have few clothes, the old america, the grass roots america is recharging its governance with a second sober look at those founding principles.

I am proud of those members of Congress who have had the fortitude to separate the chaff from the grain and seen this bailout for what it is- a betrayal of american ideals in every way. I have been proud to add my one voice to the groundswell of opinion that desires a return to fair play and freedom.

And, I am Canadian as an aside.

]]> By: DAve http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25227 DAve Tue, 30 Sep 2008 04:58:03 +0000 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25227 I for one got a pay option ARM even while I qualified for a fixed rate because I mistakenly believed that my mortgage broker had a fiduciary duty to steer me into the best loan product for me. I believe MANY people have made and are making the same mistake. And Arnold just vetoed a law which would have established a fiduciary duty on the part of mortgage brokers in California. I never have had a problem making my payments so at least I'm not making minimums or interest-onlies. I believe that the reverse mortgage was established just so that all the seniors who fought WW2 won't get utterly raked over the coals by the dynamics of the bubble. Although I strongly expect many to outlive the resources those reverse mortgages have provided. I for one got a pay option ARM even while I qualified for a fixed rate because I mistakenly believed that my mortgage broker had a fiduciary duty to steer me into the best loan product for me. I believe MANY people have made and are making the same mistake.
And Arnold just vetoed a law which would have established a fiduciary duty on the part of mortgage brokers in California.

I never have had a problem making my payments so at least I’m not making minimums or interest-onlies.

I believe that the reverse mortgage was established just so that all the seniors who fought WW2 won’t get utterly raked over the coals by the dynamics of the bubble. Although I strongly expect many to outlive the resources those reverse mortgages have provided.

]]> By: Johnny 5 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25225 Johnny 5 Tue, 30 Sep 2008 04:27:50 +0000 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25225 I received an e-mail with a bunch of signatures attached. The e-mail is asking for everyone to participate in a nationwide general strike on Friday, October 3, and to sign it and forward it to your legislators. I did. I'm not going to work on Friday, and I am not buying a damn thing either. I'm sick of this crap. No taxation without representation, and these a***oles in Washington haven't represented us, the American public, in a very long time. I'm not paying more taxes so someone else can walk away debt free. I received an e-mail with a bunch of signatures attached. The e-mail is asking for everyone to participate in a nationwide general strike on Friday, October 3, and to sign it and forward it to your legislators.

I did. I’m not going to work on Friday, and I am not buying a damn thing either.

I’m sick of this crap.

No taxation without representation, and these a***oles in Washington haven’t represented us, the American public, in a very long time. I’m not paying more taxes so someone else can walk away debt free.

]]> By: kim http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25219 kim Tue, 30 Sep 2008 03:24:42 +0000 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25219 Here's the roll call http://www.nytimes.com/ref/washington/ROLLCALL.html?currentChamber=house Here’s the roll call
http://www.nytimes.com/ref/washington/ROLLCALL.html?currentChamber=house

]]> By: kim http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25214 kim Tue, 30 Sep 2008 01:31:15 +0000 http://www.doctorhousingbubble.com/the-silent-economic-depression-lessons-from-the-great-depression-part-xix-revising-the-economic-past/#comment-25214 Thanks Rose, that was well spoken. I think Paul needed a little better understanding why people are angry. We need things to build a better America and keep being told it's to expensive but we can pour it down a drain for bailouts. I'd rather rip the bandaid off quick instead of suffering a "lost decade". We live within our means and would like the government to do so also. Thanks Rose, that was well spoken. I think Paul needed a little better understanding why people are angry. We need things to build a better America and keep being told it’s to expensive but we can pour it down a drain for bailouts.

I’d rather rip the bandaid off quick instead of suffering a “lost decade”. We live within our means and would like the government to do so also.

]]>