Comments on: A Housing Bust Chronology

By: Jeff Ware

Jeff Ware — Tue, 27 Oct 2009 22:00:19 +0000

From reading somewhat between the lines executive pay is hard to take and yes you are right public flogging of some sort would help, but If stimulus money is needed and the Harding approach would not work then I would believe to help to stabilize the economy an effort to simulate the tax payer base is needed, tax cuts help, product credits are a no, the 15% tax on capital gains need to be change to dividends and interest , and to slow the foreclosures and maintain housing values allow some type of Tax Payer backed property liens. (hard to say Government Backed anymore).
The short thought on resending the capital gains tax and decreasing the dividends and interest tax to 10 or 15% is that the dividends build equity and income in long term savings instruments and could change the short term business structure for executive pay to long term without a Czar from Wally World. The property lien approach may not help public dept leveraging, but would get the stimulus money back to working for the tax payers by offering some home owners the opportunity to re-finance loans or buy down loan amounts. The difference of monies for the refinanced or buy down becomes the lien amount.

By: Deborah

Deborah — Tue, 27 Oct 2009 17:16:41 +0000

I read that if american families would have been given the bailout instead of the banks, each family would have received hundreds of thousands of dollars. Instead the banks got the money, taking our money out of America to foreign banks and investors to the tune of trillions.
Don’t you think Americans could have stimulated the economy by paying off mortgages, buying cars, etc.
This would have been a win-win situation for America instead of enriching the world bank.
What a shame. People should go to jail for this.

By: phelps who cant swim

phelps who cant swim — Tue, 27 Oct 2009 15:55:23 +0000

should be our and not are and industry as opposed to industrie. Having a bad day because the K.C. Chiefs stink.

By: phelps who cant swim

phelps who cant swim — Tue, 27 Oct 2009 15:52:03 +0000

If more taxes, regulations and government interventions were the solution to any problem then the U.S. would be Disneyland. We have so much of all three it make a speed reader drop dead of exhaustion. We will not be saved by our pols, regulators or businesses. Crony capitalism, ambitious pols and regulators have made D.C. are largest growth industrie and they all have too much at stake to ever change. All we can do is wait for the eventual implosion and hope we survive it, which as an eternal optimist, I’m sure we will.

By: Peter Rogers

Peter Rogers — Tue, 27 Oct 2009 10:55:49 +0000

The problem is not executive pay as such, the real problem is private institutions controlling the money supply, the world has missed the first great opportunity to nationalize banking and turn it into a simple savings and loan operation controlled by government and not for profit, this would give national treasuries the opportunity to ensure that basic needs were not the subject of speculative bubbles, i.e. housing.

By: Bloomer

Bloomer — Tue, 27 Oct 2009 03:45:05 +0000

I say raise taxes on CEO’s bonuses and stock-options too. Bankers should pay an extra (greed) tax premium. Stick it to the man, the same way he has stuck it to working people. The economy is in tatters, what we got to lose?

Cheers

By: Bozo

Bozo — Tue, 27 Oct 2009 02:15:07 +0000

Unemployment is still falling.

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IT IS?!? REALLY?!?!

let’s CELEBRATE!!!!!

By: Daniel Miller

Daniel Miller — Tue, 27 Oct 2009 00:04:25 +0000

“taxpayers are paying as much as a quarter of the entire cost of the house”

When was this? Please explain. FHA, etc.?

By: Chris Johnson

Chris Johnson — Tue, 27 Oct 2009 00:03:15 +0000

The million $ salary cap was enacted for public companies by CONgress in 1993. It shifted ‘compensation’ to stock options and ‘performance’ bonuses. Where did that get us? Just another example of how the government helped cause this mess.

By: JMR bayou bobby

JMR bayou bobby — Mon, 26 Oct 2009 23:12:24 +0000

Richard: it’s such an ingenious idea.

Once enacted we can and probably will lower the amount to such a level as to confiscate 99.9% of all private wealth.