The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong

More links – TheMoneyIllusion – Why you think after the toppling instability if the new currency reigns is not clear. Why you fear a minor deflationary effect on a limited digital currency, I’m not able to grasp at all. When .000000009 becomes .000000008, it is not a big deal, you want to see 2% growth yoy – limited digital currency is more than able to achieve that.

A growing chorus of regulators and consumer activists were joined this past week by PIMCO’s Bill Gross in calling for a borrower bailout. It’s sort of like listening to the same song in different.

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39 thoughts on " Fix the Housing Market: Let Home Prices Fall " winstongator August 30, 2010 at 3:01 pm. Say a $50k pre-tax salary affords the $112k in 98. The $300k over 9 years is $33k/yr, assume a 20% tax rate and that ‘feels’ like another $42k in pre-tax income.

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By Philip Pilkington, a writer and journalist based in Dublin, Ireland Question: what on earth has Bill Gross been reading? Gross has long been an acolyte of Hyman Minsky, or so he says. But his recent piece in the financial times entitled ‘Zero-based money risks trapping Recovery’ has a lot of people scratching their noodles.

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Explaining the Government Mortgage Bailout August | 2010 | Irvine Housing Blog – No bank on its own would refi a home with negative equity. But the government already bears the risk of default by these borrowers on their Fannie and Freddie loans. Refinancing wouldn’t raise that risk. I may address Bill Gross’s idea at length in an upcoming post. I think the idea is foolish.

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It’s like a financial Hurricane Katrina. Our most vulnerable citizens — the nation’s poorest borrowers including single moms, first-time homeowners, lower-income and minority families — have been.

House and Senate negotiators are trying to craft a veto-proof version of the bill. President Bush says he would veto it because it calls for a 61 cents-per-pack increase in the federal excise tax on cigarettes, taking it to $1. The House came within about a dozen votes of overriding Bush’s veto of a similar bill last month.

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