Geithner talking, Greenspan too

[Jeff S.]

Was listening to Geithner talking to some senators and he was saying he'd like to see renters fill all the vacant houses. To facilitate that he said he'd have to take over Fannie and Freddie. Hmmm, I was thinking this could be good for investors. A little turn of attitude, pro biz. Wonder what could be done short of lowering rates even more? Better write-offs with faster depreciation would bring in more high earners.

Greenspan said one cheap solution to the housing glut would be to burn houses.

Kind of like burning wheat to stabalize prices. Guess you could have the homeless gather around to stay warm.

[Bryan Hancock]

How about we try something shocking and get rid of the GSEs and government gimmicks altogether. We could do the completely rational thing and (gasp!) let the market for space work itself out naturally. I realize this may not be politically popular with the poor, unfortunate people that live in the best nation in the world. However, personal responsibility and a strong work ethic used to work just fine. I see no reason why it won't work again if we get rid of the gov-mint parasites that distort the whole cost of mortgage money.