tag:blogger.com,1999:blog-23061971.post8286521622434998070..comments2024-03-15T03:16:46.386-04:00Comments on Objectivist v. Constructivist v. Theist: Bank Bailout #1The Constructivisthttp://www.blogger.com/profile/07242149985581771922noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-23061971.post-58595096806084732492008-10-23T01:51:00.000-04:002008-10-23T01:51:00.000-04:00Maybe I was too kind to you in the previous commen...Maybe I was <A HREF="http://www.sadlyno.com/archives/13079.html" REL="nofollow">too kind to you</A> in the previous comment.The Constructivisthttps://www.blogger.com/profile/07242149985581771922noreply@blogger.comtag:blogger.com,1999:blog-23061971.post-55668238548241156152008-10-21T08:01:00.000-04:002008-10-21T08:01:00.000-04:00I call bullshit on your point #1 near the end. Se...I call bullshit on your point #1 near the end. Seriously, listen to the podcasts referenced <A HREF="http://kfmonkey.blogspot.com/2008/10/giant-pool-of-money.html" REL="nofollow">here</A> and get back to me on whether you can still assert #1 with a straight face.<BR/><BR/>If so, I have a <A HREF="http://www.michaelberube.com/index.php/weblog/open_letter_to_conservatives/" REL="nofollow">nice little VR world</A> for ya.The Constructivisthttps://www.blogger.com/profile/07242149985581771922noreply@blogger.comtag:blogger.com,1999:blog-23061971.post-68372774593743345672008-10-15T13:49:00.000-04:002008-10-15T13:49:00.000-04:00I don't understand why Barney Frank and Chris Dodd...I don't understand why Barney Frank and Chris Dodd are still taken seriously. They played an active role in protecting Fannie Mae and Freddie Mac's pattern of giving out loans to persons who wouldn't qualify in the private market. This has burned these companies and taxpayers. <BR/><BR/>Listening to them is like taking seriously Ted Kennedy on immigration. He famously said that the '65 immigration bill won't affect the U.S. demographics. Similar things are true of those who cried wolf in response to the Clinton-signed welfare bill.The Objectivisthttps://www.blogger.com/profile/00416501145750028695noreply@blogger.comtag:blogger.com,1999:blog-23061971.post-8263039135325817012008-10-15T13:46:00.000-04:002008-10-15T13:46:00.000-04:00The whole mechanism of the bailout does not make s...The whole mechanism of the bailout does not make sense to me. The government is buying up mortgage-based securities with money that has to come from one of two sources. <BR/>1. New Taxes<BR/>2. More loans<BR/><BR/>The first just transfers money from one part of the economy to the other. I don't see why the private market wouldn't do this. <BR/><BR/>The second makes sense only if the rate of return exceeds that of the new interest rate on the loans. What is the evidence that this will be true in the long term?The Objectivisthttps://www.blogger.com/profile/00416501145750028695noreply@blogger.com