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+--- Thread: Do you know anything about anything? (/thread-58707.html)
Do you know anything about anything? - Ivan - 01-29-2013 02:55 PM
http://answers.yahoo.com/question/index;_ylt=Aj5HV.rRe2TO0IXUXGndOhSsDH1G;_ylv=3?qid=20121116123456AANTQC9
Answer one. I dare you
Good to know!
- George Costanza - 01-29-2013 03:03 PM
I know a little about some things.
- Cris - 01-29-2013 03:03 PM
no
- Arthur - 01-29-2013 03:03 PM
I know your questions are confused and make you look like a moron.
- September - 01-29-2013 03:03 PM
I know from nothing.
- Joseph the Second - 01-29-2013 03:03 PM
No. -But I know a little bit about EVERYthing !!
- Cris Ray - 01-29-2013 03:03 PM
The more I know the more I don't know.
- PeekaBoo - 01-29-2013 03:03 PM
You can fool some of the people all of the time and all of the people some of the time but you can't fool Mom.
- Spock (rhp) - 01-29-2013 03:03 PM
I actually do know a little bit about a few things and I have the patents and published articles to attest to that.
After much clicking through, I finally get to one of your 'questions' [Federal Reserve policy and mortgage rates] -- here's my answer:
the Administration and Congress began meddling in the mortgage and housing markets in a big way with the National Home Ownership Strategy, published June 5, 1995 while Bill Clinton was President. NHOS and the laws, policies, and regulations it brought about are the underlying cause of the toxic lending mess, loan packaging for resale to unwary buyers, the housing bubble [price run up], and the resulting housing price burst [crash].
Tens of trillions were poured into housing will little thought to the ability of the 'buyers' to make the payments, or of the housing market to provide all the product demanded at stable prices.
There is no way that the actions of the Federal Reserve, with or without TARP funds, can make up for this enormous distortion in the economy with only 2.5 trillion in funds [1.8 trillion in FRB balance sheet bloat and 700 billion in now repaid TARP funds].
Despite the current theft of income from the capital owners of America via ultra low interest rates [which might be estimated at 1.5 trillion per year and causes lost income taxes to the government of some 200 billion annually], it isn't enough to offset tens of trillions in damage.
There is literally nothing the government can do short of freezing all payments to people [Social Security, pensions, and disability] while intentionally causing prolonged and severe inflation, that is going to save the housing market from the cleanup mechanism [foreclosure and resale at a loss].
Anyone who tells you otherwise, including any politician in Washington, is either too uninformed to know or lying out his a$$.