Monday, April 07, 2008

Messing up the mortgage mess

Everybody in Washington, it seems, thinks that "something" has to be done about the mortgage mess. Which means that just about everybody in Washington is ready to make a bad situastion considerably worse. Here's the Register's editorial on the subject. Two things in particular. A bailout, even in the form of money for local governments to buy foreclosed properties, will delay the housing market reaching its true bottom, which is the first condition for correction. And any program is bound to end up subsidizing people who never should have bought houses that expensive to begin with -- at the expense of people who were more prudent and didn't get into trouble.

Unfortunately, in politics, the bias is always toward government action, even if (or perhaps especially if?) it will make matters worse. Incidentally, I snagged the "action bias" term from this column by Shankar Vedantam, who writes the Dept. of Human Behavior columns, which are almost always pretty interesting, at the WaPo. Another illustration was a study of soccer goalies on penalty kicks. An Israeli economist's study of 276 kicks showed that staying in the middle was the best bet for the goalie in a situation that inherently favors the kickers. Yet the goalies dived to one side or the other 93% of the time.

3 comments:

Anonymous said...

Hello !.
You re, I guess , probably curious to know how one can make real money .
There is no need to invest much at first. You may start to get income with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates around the world.
Do you want to become an affluent person?
That`s your chance That`s what you wish in the long run!

I feel good, I started to get income with the help of this company,
and I invite you to do the same. It`s all about how to select a correct partner utilizes your funds in a right way - that`s it!.
I make 2G daily, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://ydugocezud.freehostyou.com/agafyz.html
and lucky you`re! Let`s take our chance together to get rid of nastiness of the life

Anonymous said...

Hello everyone!
I would like to burn a theme at this forum. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of ponzy-like structure, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I earn money with the help of these programs.
I'm with no money problems now, but there are heights that must be conquered . I get now up to 2G a day , and I started with funny 500 bucks.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Visit my web site to get additional info.

http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

Anonymous said...

Glad to materialize here. Good day or night everybody!

Sure, you’ve heard about me, because my fame is running in front of me,
my parents call me James F. Collins.
Generally I’m a venturesome gambler. recently I take a great interest in online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to find out about my progress.
Please visit my blog. http://allbestcasino.com I’ll be glad would you find time to leave your opinion.