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Economy
In reply to the discussion: Weekend Economists' Harvest Ball September 21-23, 2012 [View all]xchrom
(108,903 posts)26. Mitt Romney's Housing Plan Has Got To Be A Joke
http://www.businessinsider.com/mitt-romneys-housing-market-plan-2012-9
At this point, we have no choice but to conclude that the Mitt Romney campaign is just trolling whiny journalists who have complained about the lack of detail in his plans.
Yesterday evening (a Friday evening!) the campaign revealed a whitepaper titled Securing the American Dream and The Future of Housing Policy that's so unsubstantial, we half-suspect the timing was done so that nobody would see it amid the release of the 2011 tax documents, which came out about 20 minutes earlier.
This is honestly a sentence in his whitepaper on The Future Of Housing Policy:
The Romney-Ryan plan will completely end too-big-to-fail by reforming the GSEs.
Romney and Ryan believe that "too-big-to-fail", which generally refers to the assumption that a collapse of a major Wall Street institution would be catastrophic to the overall economy, thus making a bailout imperative, would be solved by the reform of Fannie and Freddie. Or maybe Romney and Ryan believe that only Fannie and Freddie are too big to fail, and that the collapse of a mega-bank would be fine. Those are the only possible readings of that sentence.
As for Romney and Ryan's plan to reform the GSEs, the plan is to... reform them.
Read more: http://www.businessinsider.com/mitt-romneys-housing-market-plan-2012-9#ixzz27CIlQW4c
At this point, we have no choice but to conclude that the Mitt Romney campaign is just trolling whiny journalists who have complained about the lack of detail in his plans.
Yesterday evening (a Friday evening!) the campaign revealed a whitepaper titled Securing the American Dream and The Future of Housing Policy that's so unsubstantial, we half-suspect the timing was done so that nobody would see it amid the release of the 2011 tax documents, which came out about 20 minutes earlier.
This is honestly a sentence in his whitepaper on The Future Of Housing Policy:
The Romney-Ryan plan will completely end too-big-to-fail by reforming the GSEs.
Romney and Ryan believe that "too-big-to-fail", which generally refers to the assumption that a collapse of a major Wall Street institution would be catastrophic to the overall economy, thus making a bailout imperative, would be solved by the reform of Fannie and Freddie. Or maybe Romney and Ryan believe that only Fannie and Freddie are too big to fail, and that the collapse of a mega-bank would be fine. Those are the only possible readings of that sentence.
As for Romney and Ryan's plan to reform the GSEs, the plan is to... reform them.
Read more: http://www.businessinsider.com/mitt-romneys-housing-market-plan-2012-9#ixzz27CIlQW4c
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Sep 2012
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xchrom
Sep 2012
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Oh, I think you've been aware for awhile, this just solidfies the conversion, n/t
DemReadingDU
Sep 2012
#42
Charles Hugh Smith: It's not about "saving" housing, it's about saving the banks.
DemReadingDU
Sep 2012
#50