Comments on: Borrow. Spend. Panic. Repeat.

By: Linkapalooza Part II: My Favorite Blogs « The Pugnacious Irishman

Linkapalooza Part II: My Favorite Blogs « The Pugnacious Irishman — Wed, 06 May 2009 06:01:42 +0000

[...] 4) Michelle Malkin: she gets to news stories sooo quickly and regularly calls the MSM out on their bias. I often see news from her before I see it anywhere else. Her coverage of the anti-prop 8 madness has been stellar. She’s been pretty tough on the bailout stuff going on. [...]

By: Papa Mike’s Blog » Blog Archive » Hurray! Here Come More Bad Loans!

Wed, 31 Dec 2008 13:26:29 +0000

[...] Flashback Nov. 25: Borrow. Spend. Panic. Repeat. [...]

By: Michelle Malkin » Hurray! Here come more bad loans!

Michelle Malkin » Hurray! Here come more bad loans! — Tue, 30 Dec 2008 20:40:38 +0000

[...] Flashback Nov. 25: Borrow. Spend. Panic. Repeat. [...]

By: Michelle Malkin » Bailout watch: Who’s grubbing now?

Michelle Malkin » Bailout watch: Who’s grubbing now? — Fri, 26 Dec 2008 11:52:47 +0000

[...] to the Borrow-Spend-Panic-Repeat cycle, the Federal Reserve’s approval of GMAC’s application to become a “bank [...]

By: Borrow. Spend. Panic. Repeat. « Top Daily Digest Reading

Borrow. Spend. Panic. Repeat. « Top Daily Digest Reading — Mon, 15 Dec 2008 07:24:56 +0000

[...] Learn more here. [...]

By: Moderate Blogger » Borrow. Spend. Panic. Repeat.

Moderate Blogger » Borrow. Spend. Panic. Repeat. — Tue, 02 Dec 2008 19:22:04 +0000

[...] The Naked Emperor Hank Paulson is at it again. [...] Read the rest » [...]

By: Weary Citizen

Weary Citizen — Mon, 01 Dec 2008 15:29:16 +0000

On November 25th, 2008 at 9:46 pm, corona said:

IMHO, it is a stretch to beleive that interest deductions encourage people to buy more house than they can afford. I don’t see one equating to the other. Now, an argument could be made for the capital gains treatment on the sale of a house as encouraging speculative buying (live in house 2 years, sell, and no tax on gians if buy new house within 2 years). However, that rule also benefits anyone who is legitmatley trading up or being tranferred for a job (ie simply another tax increase if taken away). The way to stop the nonsense of buying more than one can afford is to simply go back to the tried and true principle of loans based on means. 20% down, credit check, traditional mortgages, and a conservative ratio of income to debt. That halts speculation and prohibits morons from driving up prices to unreasonable levels.

By: MORNING INTELL: Mumbai Madness, World’s Most Dangerous WomanRosie’s Turkey | DBKP - Death By 1000 Papercuts - DBKP

Fri, 28 Nov 2008 14:45:26 +0000

[...] STEP RIGHT UP: Let’s say you are the biggest economy on Earth–and let’s say you are going through a financial crisis. What’s a super-power to do? Borrow. Spend. Panic. Repeat. [...]

By: cheapseat

cheapseat — Wed, 26 Nov 2008 15:57:56 +0000

corona your premise is that tax deductions encourage overspending on mortgages, but you must have a high income if you hope to take that large of a deduction. and as said above, amt sets in and takes it away anyway. the real problem is yuppie egos which say i’m a success and i need a big house, 2 new luxury cars, diamonds for my wife and girlfriend, plus trips and rolex’s for me. voila, bankruptcy. i live a few blocks away from someone who built an absolute castle last year on a big expensive lot, my guess 15,000 sq feet of house, and it’s up for sale now. just a little overreaching by some wizard of industry.

By: corona

corona — Wed, 26 Nov 2008 02:46:29 +0000

Some need to see this:
Why do you think so many homebuyers go for houses they really can’t afford, and make small down payments?

Could it be that something is encouraging them to borrow huge amounts on mortgages?

Eh, could be …

By: prendad

prendad — Tue, 25 Nov 2008 21:33:15 +0000

Who came up with this stupid phrase “too big to fail”? It sounds like some crass yuppy-speak meaningless BS. Right up there with “too big to sink” (titanic) or “too big to fly” (spruce goose). Nothing is too big to fail. Check out the Third Reich, the Roman Empire, and if our Congress keeps running amuk, the soon to be late, great United States of America.

By: ITookTheRedPill

ITookTheRedPill — Tue, 25 Nov 2008 21:18:45 +0000

Rathergate II: Certification of Live Birth a clear forgery I think the Indonesian citizenship is the biggest issue.

By: How did I get in this handbasket? : Pursuing Holiness

How did I get in this handbasket? : Pursuing Holiness — Tue, 25 Nov 2008 20:56:51 +0000

[...] sums up my (entirely unjustified) attitude today. Oh, sure, I can focus my attention on all the crappy news, especially this bizarre idea that God will send manna from heaven if the U.S. suffers a [...]

By: Mo’ money, mo’ money, mo’ money! | skewred.com

Mo’ money, mo’ money, mo’ money! | skewred.com — Tue, 25 Nov 2008 20:49:29 +0000

[...] This is NEVER going to end. I look at my daughter, who’s two, and wonder what will happen when all this debt comes due [...]

By: lonewolf

lonewolf — Tue, 25 Nov 2008 20:28:01 +0000

Oklahoma is the reddest state left but I don’t think we can absorb all the disillusioned blue staters.