We have seen a taste of what might be coming when a lot of ARMs change up payments on people this fall. I hope it’s not like hitting an iceberg compared to the previous ice cube. But, we need to be prepared and have some comprehensive way to soften the blow, to stretch out the impact.

Helping people on the edge to pay their loans would cut back on the numbers of defaults.

Actually, in anticipation of a large problem, there might be a way to precipitate part of the crisis earlier, to spread out the full impact and to allow us to manage a recovery over a longer period of time when it’s more feasible.

Helping with liquidity, as Bernanke has already done, is going to be vital.

If there’s any way to spread the initial blow and then gradually repay the cost later, that would manage it better — though it is likely to be quite costly.

Protecting, somehow, against spillover to banks is also vital. We can’t afford to let some people’s downfall cause others to crash because they just happen to be standing nearby. This might even require trading in certain stocks to be stopped (per the usual market rules).

Some “people” must face their losses with courage and accept it. If they don’t then many many more could be damaged unnecessarily and unfairly. We can’t let some people be “too large to fail” or else the distributed cost will be dangerously widespread and international. Can we afford that?

Praedor Atrebates @ 155

I disagree. IF they are going to provide POLITICAL propaganda from the right, then they MUST provide it from the regular people too (as opposed to the so-called “left”). When ~65% of the PEOPLE want us out of Iraq, are opposed to Bush, etc, that is NOT “lefty”, that is the core of the country. No way it is OK to block that from soldiers.

I HATE that the main “news” channel that is displayed at any time in a military office is Faux. Bogus propaganda that is demonstrably wrong by life itself is NOT helpful to the grunts on the ground.

I agree with your sentiments but the reality is our military who are in a theatre of engagement are subject to our propaganda.

I don’t like the fact that faux news is allowed to be broadcast and oposing points of view are not

I don’t like it

but they are the military, they don’t enjoy the same personal or constitutional freedom as a civilian and they are subject to the propaganda of the military

This might come out wrong but … that’s awful paternalistic.

My Dad was a Marine in WWII – the kind who chewed barbed wire and spit out nails – and he’d just as soon tell you bullshit to your face if he thought you weren’t telling him the truth, the whole truth, and nothing but the truth, and that went for everyone, including and especially those who might have outranked him in any way. If he were still alive he’d be out in front trying to repeal the censorship on the military bases and he’d be giving the officers hell for keeping the truth, whatever it is from being censored.

This is still America, and these people are adults who can make their own decisions – maybe not completely within the framework of the military but certainly when they fulfill their commitment, or retire, and can act on the truth as they see it, and the best way to make your own decision is in the Marketplace of Ideas whether it is slanted right or left doesn’t matter as long as you can discern the truth from that marketplace.

End the censorship!

“I’m not a chicken. I never have been a chicken“

as far as the think progress blog beng blocked

everyone knows I am a progressive by every definition of the word but in this case I believe the military has justification for shutting down critical information

Great idea. Let’s lie to them.

I disagree. IF they are going to provide POLITICAL propaganda from the right, then they MUST provide it from the regular people too (as opposed to the so-called “left”). When ~65% of the PEOPLE want us out of Iraq, are opposed to Bush, etc, that is NOT “lefty”, that is the core of the country. No way it is OK to block that from soldiers.

I HATE that the main “news” channel that is displayed at any time in a military office is Faux. Bogus propaganda that is demonstrably wrong by life itself is NOT helpful to the grunts on the ground.

I agree with your sentiments but the reality is our military who are in a theatre of engagement are subject to our propaganda.

I don’t like the fact that faux news is allowed to be broadcast and oposing points of view are not

I don’t like it

but they are the military, they don’t enjoy the same personal or constitutional freedom as a civilian and they are subject to the propaganda of the military

as far as the think progress blog beng blocked

everyone knows I am a progressive by every definition of the word but in this case I believe the military has justification for shutting down critical information

look, like it or not they are our military, they have got no choice but to obey orders, unless those orders break our law, like them or not they must follow those orders

I think allowing blogs like think progress bring their moral down and undermine their ability.

while I believe in the free transfer of information, I really do not believe those in the military are entitled to the same freedom as those who are not

now I know I am going to get punished for that sentiment and I am glad everyone knows my progressive nature to realize I am not a troll, I am not a concern troll

Really? Who decides what “information” is suitable for military viewing. There is a reason for the different set of laws called the UCMJ, but I never heard any valid reason for censoring what can be read by soldiers. This is really dangerous. This is how you get a military that is out of touch with the civilian world. According to the Pentagon, it’s OK for evangelicals to proselytize on bases, but a blog is off limits. Give me a break, perris

Is this a repost? If Howie is right, and he seems to rarely wrong; this makes Larry Craig look like “Little Bow Peep”.

” WHO’LL BE THE NEXT REPUBLICAN HYPOCRITE TO BE DRAGGED OUT OF THE CLOSET SCREAMING ABOUT MEDIA WITCH HUNTS?”

link

Holyee shit!!!

McConnell?

Elliott @ 147

awww, what a kind heart that man has.

Bush turned a blind eye to these phony loans when they were being made because they bolstered his “ownership society” theme. He could have, of course, sought tighter regulations on mortgage loans which would have prevented the problem but Bush and company just hates them those nasty regulations. So the sh*t hits the fan and as he has every other time in his life, Bush walks away acting like its someone else’s fault.

just another Bush outrage, just another day

” WHO’LL BE THE NEXT REPUBLICAN HYPOCRITE TO BE DRAGGED OUT OF THE CLOSET SCREAMING ABOUT MEDIA WITCH HUNTS?”

link

Holyee shit!!!