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New York, 12:07 AM
Thu Dec 10
57 posts in the last 24 hours
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12/14/08
Come, gather round the fire I've made in this old industrial barrel, under the bridge.
12/13/08
But what of the stupidity of lenders? It too is a function, a function of greed—specifically greed for the short-term gain. We need regulation so that lending institutions don’t make stupid decisions that, while bringing short-term gains, in the long run hurt themselves, their customers, and the economy at large.
Toward regulating against stupidity in mortgage lending, I’d start by limiting the period of amortization to 15 years (I’m sorry, but 30 years is ridiculous) and eliminating variable-rate loans.
12/13/08
12/14/08
12/13/08
Throw out an interesting topic, some zany sexy weird Internet thing, watch the page hits and comments rise. All I'm saying.
12/14/08
12/13/08