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dang does that sound familiar! Dare i say a reasonable and fair?
Why stop there? you'd think they could suspend any of the letter agreements?
right on in the most sanitized version.
Keynes theory is also why gubmint spends like a drunk sailor on leave. e.g. "deficits don't matter" just keep spending and induce inflation and future dollars are CHEAPER to payback. This is then also sold as a promise that "in the future" we'll reign in spending to normal levels. For this to actually work you also have to cyclically REDUCE spending in the good times.
The extreme side of that is that the gubmint spending generally picks connected winners and if that was such a good way to spend why have a private economy at all? Seems like a real good way to inflate bubbles through good intentions. That said, if you're going to spend money to juice the economy at least this time around they actually directly put it in pockets.
i don't think the pandemic run up in housing values/costs (for the portion that can buy a house) is a positive thing for the US any more than officials actively pushing for higher energy costs and inflation.
i did that a couple years back and forgot to check the "sell specific shares" box, now i keep my core GSE position isolated by ticker.
I'm small time though and dont trade pennies.
i dont see why that matters? do people buy cars on 72/84mo because they'll own it for that long? Do 30yr mortgages hold until maturity? i suspect its actually not very many.
Like the stupidy long car payments, if anything 30/40yr mortgates do is inflate housing costs especially in markets where its already too damn high. Im not a Keynesian (perhapse at my own peril) where i believe costs *should* always go up.
edit: i have neither had a 30mo mortage and never had a car payment >36mo, thankfully.
2008 was a long time ago. Are constitutional challenges somehow not subject to statute of limitations?
<< not a lawyer. I'm sure the barristers on the forum can correct my ignorance.
the SC can break the log jam, we all will get as much relief as this guy this guy
...Here's hoping we are not on the receiving end.
Yellen packs Fudge Into Fannie.
Cmon man! This place really seems to be slipping lately. Like the pps, pretty sure it will turn around soon...
its a hell of lot easier to read.
Oof. That's a heaping pile of tough love.
O
M
G
!
if true, that could be interesting reading.
I think because the budget and covid relief are active negotiations *with the treasury* that doesn't need to be muddied further by GSE reform. Hell that already invoked nasty letters from the more extreme members. Im not saying they already forgot about it, hell some geriatric just did write a nastygram the other day. But, it would seem odd choice to muddy that up when it can be done anytime after 'necessary things'.
Mnuchin is going to wait until the fed budget and covid relief bill are dealt with. House just passed a continuing budget resolution to fund until the 18th.
If he does anything that is.
he also made a big deal about that going toward the liquidation preference. leaving ~35B iirc
As a layperson its ridiculous that everyone knows is a "takings" problem by what happened. But the contortions that the legal system puts on it to go anywhere ultimately means they argue for what they "think" can win. Fing legal industry at its best.
I could have sworn i read some of the earlier dismissed lawsuits were were in fact takings though i cannot put my finger on the names.
to be fair, he's in an indefensible position. so there's that.
big time. i'm shocked or i'm thick to the point being made. the skeptic in me says: most likely the later.
Right on, I'm a fan of Thomas. He's a huge textualist and wont make law from the bench.
yes,i am ready. hell for the first time i might spend all my posts for one day.
Was the professor on any of the Collins amicus briefs? If not seems like a missed opportunity
100K just for tuition... thats the intentional hurt the kids part i was referring too several posts back. It sucks when that mythical "someone else" will pay for it ends up being you.
my first of 4 just started college. she got penalized by financial aid for too much cash on hand savings, too much scholarships, still net positive on the scholarship, but damn that was a wake up for her that her hard work actually cost her money overall.
I'm still kicking around how to make the bank of mom and dad college assistance fund Fair for kids spread out over 15years, but GSE windfall would help
Good luck!
go FNMA
NO ONE is too poor to go to college. I know for a fact that was a myth 20yrs ago. and reasonably sure it is today, but admit i don't have that empirical evidence.
they way the finaid rules are they would be better off if *you* had the money growing in your IRA /401k and THEN you get them the money when they needed it.
again unless there is zero chance of financial aid.
if the socialists make higher ed free, do you still end up paying your kids school from 529 dedicated funds, but I wouldn't have to?
yes state school. and I was and am very bitter about that damn golf course. I went to state rather than UofI because of cost. U of I was about 9-10K/yr rather than 3600yr. iirc "student fees" were not counted toward tuition, that damn fee for the golf course is forever seared in my brain.
paid my way through, still ended up with 12K SLD and NSDL, with a job, though i admit i didn't *need* to take probably 4K of that. I was reminded of that poor choice with a $135/mo bill. paid off in like 8yrs.
I lied, the googles tell me that tuition this year is 14,832 at Illinois State. so thats an increase of 4x in 20 years.
So my oldest went OUT of state starting this year.
you didnt tie anything to costs of higher ed.
if you make it free to borrow then nothing restricts the costs. e.g. you are of the mind set that costs never matter, that is the problem.
I'll say that institutions exist to primarily to benefit the institutions. same with gov, higher ed etc...
if you are from an economic school of thought that costs never matter then yes, i would say the system is setup to hurt (by costing too much) those kids.
after all i didnt pay $435/semester for fees that solely went to maintain the university golf course to help *my* education. that was for the faculty and board and everyone knew it. for reference that was about 26% of my tuition/fees. not including board.
529s are garbage unless you are wealthy enough to not qualify for any student financial aid at all. 529s do nothing but cost the student free money. e.g. they will reduce the aid based on the $$ availability in savings and 529s.
higher ed system is wacked out. IMO its BECAUSE of the federal loan system that its the way it is and costs are out of control. Someone is paying for the debt. I already paid mine off, Wheres my refund?
similarly bailing out local/state gov by fiscally sound states the answer for them
thats balls to be in balls deep.
she's putting out sound bites and then not listening to the answer. thats the worst politician.
wow she's a piece of work.
that was pretty good IMO
thanks, I probably wouldn't have caught that otherwise.
I'm trying to read the funny sarcasm in this but my inner car guy wont let me. Let it go, it deserves someone better. You might do better with a lease. Something practical and bland.
we're talking about golf. its mostly walking.
So you feel its not looking likely that any money is being returned? Or was that an omitted purposefully?
that escalated quickly.