<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: A Market Based Alternative To The Wall Street Bailout</title>
	<atom:link href="http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/</link>
	<description>Fresh Political Pickins From The Peach State</description>
	<lastBuildDate>Mon, 13 Feb 2012 04:52:02 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: Bill Simon</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138883</link>
		<dc:creator>Bill Simon</dc:creator>
		<pubDate>Sat, 27 Sep 2008 04:29:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138883</guid>
		<description>Indy,

None, it appears.  This is who he did give to, according to OpenSecrets.org:

FISHMAN, ALAN
BROOKLYN,NY 11201
MERIDIAN CAPITAL
11/28/07
$2,000
Recchia, Domenic M Jr (D)

FISHMAN, ALAN H MR
NEW YORK,NY 10004	MERIDIAN CAPITAL GROUP/CHAIRMAN
5/10/07
$2,300	Romney, Mitt (R)

FISHMAN, ALAN MR
GHENT,NY 12075
MERIDIAN CAPITAL GROUP/CHAIRMAN
5/7/07	$500
Wager, Richard C (R)</description>
		<content:encoded><![CDATA[<p>Indy,</p>
<p>None, it appears.  This is who he did give to, according to OpenSecrets.org:</p>
<p>FISHMAN, ALAN<br />
BROOKLYN,NY 11201<br />
MERIDIAN CAPITAL<br />
11/28/07<br />
$2,000<br />
Recchia, Domenic M Jr (D)</p>
<p>FISHMAN, ALAN H MR<br />
NEW YORK,NY 10004	MERIDIAN CAPITAL GROUP/CHAIRMAN<br />
5/10/07<br />
$2,300	Romney, Mitt (R)</p>
<p>FISHMAN, ALAN MR<br />
GHENT,NY 12075<br />
MERIDIAN CAPITAL GROUP/CHAIRMAN<br />
5/7/07	$500<br />
Wager, Richard C (R)</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: IndyInjun</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138824</link>
		<dc:creator>IndyInjun</dc:creator>
		<pubDate>Sat, 27 Sep 2008 01:16:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138824</guid>
		<description>How much did Fishman give Saxby?</description>
		<content:encoded><![CDATA[<p>How much did Fishman give Saxby?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: GreenAllTheWay</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138817</link>
		<dc:creator>GreenAllTheWay</dc:creator>
		<pubDate>Fri, 26 Sep 2008 23:19:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138817</guid>
		<description>Fishman was the new chief executive officer for Washingon Mutual — WaMu — the nation&#039;s largest savings and loan, which was taken over Thursday night by federal bank regulators and quickly dumped in a fire sale to JPMorgan Chase for the Wal-Mart-like price of $1.9 billion.

But don&#039;t cry for Fishman, who reportedly was sky-high — literally — last night, on a flight from New York to Seattle, when WaMu collapsed. Even though he&#039;s only been on the job for less than three weeks, he&#039;s bailing out with parachute worth close to $20 million, according to an executive compensation analysis conducted for the New York Times by James F. Reda Associates.

That&#039;s right, $20 million for 17 days on the job ... and his company failed.

Fishman, who formerly was chairman of Meridian Capital Group, apparently was much coveted by WaMu, which was counting on him to lead the failing thrift out of mortgage troubles that pushed the bank to a $3.3 billion second-quarter loss.

According to filings with the Securities and Exchange Commission, WaMu threw a $7.5 million bonus at Fishman when it hired him on Sept. 8, and guaranteed him an immediate cash severence of $11.6 million — both of which he gets to keep.

He also was eligible for annual bonuses of up to 365 percent of his annual base pay — set at $1 million — to go with millions of shares of company stock.</description>
		<content:encoded><![CDATA[<p>Fishman was the new chief executive officer for Washingon Mutual — WaMu — the nation&#8217;s largest savings and loan, which was taken over Thursday night by federal bank regulators and quickly dumped in a fire sale to JPMorgan Chase for the Wal-Mart-like price of $1.9 billion.</p>
<p>But don&#8217;t cry for Fishman, who reportedly was sky-high — literally — last night, on a flight from New York to Seattle, when WaMu collapsed. Even though he&#8217;s only been on the job for less than three weeks, he&#8217;s bailing out with parachute worth close to $20 million, according to an executive compensation analysis conducted for the New York Times by James F. Reda Associates.</p>
<p>That&#8217;s right, $20 million for 17 days on the job &#8230; and his company failed.</p>
<p>Fishman, who formerly was chairman of Meridian Capital Group, apparently was much coveted by WaMu, which was counting on him to lead the failing thrift out of mortgage troubles that pushed the bank to a $3.3 billion second-quarter loss.</p>
<p>According to filings with the Securities and Exchange Commission, WaMu threw a $7.5 million bonus at Fishman when it hired him on Sept. 8, and guaranteed him an immediate cash severence of $11.6 million — both of which he gets to keep.</p>
<p>He also was eligible for annual bonuses of up to 365 percent of his annual base pay — set at $1 million — to go with millions of shares of company stock.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Taft Republican</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138702</link>
		<dc:creator>Taft Republican</dc:creator>
		<pubDate>Fri, 26 Sep 2008 14:37:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138702</guid>
		<description>Other great Jackson quotes:

&quot;If Congress has the right under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.&quot;

&quot;I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.&quot;

Dang, those are good.</description>
		<content:encoded><![CDATA[<p>Other great Jackson quotes:</p>
<p>&#8220;If Congress has the right under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.&#8221;</p>
<p>&#8220;I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.&#8221;</p>
<p>Dang, those are good.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Taft Republican</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138701</link>
		<dc:creator>Taft Republican</dc:creator>
		<pubDate>Fri, 26 Sep 2008 14:36:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138701</guid>
		<description>I know jack doo-doo about insurance.

And I know even more jack doo-doo about the U.S. Constitution. And I don&#039;t see &lt;i&gt;anywhere&lt;/i&gt; in there where it comes &lt;i&gt;close&lt;/i&gt; to allowing the Federal Government to buy up all of the crap they&#039;re proposing to buy up. Or to do about 95% of the rest of the crap they do up there, either.

I don&#039;t care if you call it a &quot;bail&quot; out or corporate welfare or jack doo-doo, it&#039;s just plain wrong, and I look forward to the day when the people who have played havoc with our economy, our banking system, our financial markets, and our money end up rotting in jail.

&quot;Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.&quot; &lt;i&gt;-- &lt;a href=&quot;http://quotes.liberty-tree.ca/quote/andrew_jackson_quote_4f92&quot; rel=&quot;nofollow&quot;&gt;President Andrew Jackson&lt;/a&gt;&lt;/i&gt;</description>
		<content:encoded><![CDATA[<p>I know jack doo-doo about insurance.</p>
<p>And I know even more jack doo-doo about the U.S. Constitution. And I don&#8217;t see <i>anywhere</i> in there where it comes <i>close</i> to allowing the Federal Government to buy up all of the crap they&#8217;re proposing to buy up. Or to do about 95% of the rest of the crap they do up there, either.</p>
<p>I don&#8217;t care if you call it a &#8220;bail&#8221; out or corporate welfare or jack doo-doo, it&#8217;s just plain wrong, and I look forward to the day when the people who have played havoc with our economy, our banking system, our financial markets, and our money end up rotting in jail.</p>
<p>&#8220;Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.&#8221; <i>&#8211; <a href="http://quotes.liberty-tree.ca/quote/andrew_jackson_quote_4f92" rel="nofollow">President Andrew Jackson</a></i></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill Simon</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138697</link>
		<dc:creator>Bill Simon</dc:creator>
		<pubDate>Fri, 26 Sep 2008 14:18:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138697</guid>
		<description>?
?
?
?

Here are some to make up for the lack, Game.  :-)</description>
		<content:encoded><![CDATA[<p>?<br />
?<br />
?<br />
?</p>
<p>Here are some to make up for the lack, Game.  <img src='http://www.peachpundit.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Game Fan</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138691</link>
		<dc:creator>Game Fan</dc:creator>
		<pubDate>Fri, 26 Sep 2008 13:01:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138691</guid>
		<description>Yep
I was about to jump all over Bill Simon for that.  I didn&#039;t see a question mark in the entire post.</description>
		<content:encoded><![CDATA[<p>Yep<br />
I was about to jump all over Bill Simon for that.  I didn&#8217;t see a question mark in the entire post.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill Simon</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138677</link>
		<dc:creator>Bill Simon</dc:creator>
		<pubDate>Fri, 26 Sep 2008 04:23:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138677</guid>
		<description>&lt;b&gt;Correction:&lt;/b&gt; Remove the &quot;Ask yourself this&quot; in the first sentence of the post above.</description>
		<content:encoded><![CDATA[<p><b>Correction:</b> Remove the &#8220;Ask yourself this&#8221; in the first sentence of the post above.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill Simon</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138676</link>
		<dc:creator>Bill Simon</dc:creator>
		<pubDate>Fri, 26 Sep 2008 04:23:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138676</guid>
		<description>Daniel,

Ask yourself this: AIG operates as both a primary insurer and a re-insurer.

A re-insurer is a company that sells an insurance policy to cover losses of, say a really big sugar factory explosion in Savannah.  That reinsurance policy doesn&#039;t kick-in until losses hit a certain dollar amount, and then the policy covers the amount over that high limit.  

NOW...picture a disaster of some sort, not a natural one (no hurricanes, no tornadoes in Tornado Alley) that happens with a REALLY big loss...and AIG, the reinsurer,  is out of business.

Tell me all about the &quot;good&quot; that this &quot;screw the financial industry&quot; mentality will do to help get THAT enterprise back on its feet...after it already purchased its policy.

You (and Konop, and whoever else is bleating about how dare the government &quot;bail&quot; out AIG) don&#039;t know jack-doo-doo about how things like insurance works.

And, hopefully, the folks in Washington won&#039;t listen to you....because, in the end, there will be an even BIGGER financial hand-out that will have to come into play if an insurer like AIG goes under.</description>
		<content:encoded><![CDATA[<p>Daniel,</p>
<p>Ask yourself this: AIG operates as both a primary insurer and a re-insurer.</p>
<p>A re-insurer is a company that sells an insurance policy to cover losses of, say a really big sugar factory explosion in Savannah.  That reinsurance policy doesn&#8217;t kick-in until losses hit a certain dollar amount, and then the policy covers the amount over that high limit.  </p>
<p>NOW&#8230;picture a disaster of some sort, not a natural one (no hurricanes, no tornadoes in Tornado Alley) that happens with a REALLY big loss&#8230;and AIG, the reinsurer,  is out of business.</p>
<p>Tell me all about the &#8220;good&#8221; that this &#8220;screw the financial industry&#8221; mentality will do to help get THAT enterprise back on its feet&#8230;after it already purchased its policy.</p>
<p>You (and Konop, and whoever else is bleating about how dare the government &#8220;bail&#8221; out AIG) don&#8217;t know jack-doo-doo about how things like insurance works.</p>
<p>And, hopefully, the folks in Washington won&#8217;t listen to you&#8230;.because, in the end, there will be an even BIGGER financial hand-out that will have to come into play if an insurer like AIG goes under.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Daniel N. Adams</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138673</link>
		<dc:creator>Daniel N. Adams</dc:creator>
		<pubDate>Fri, 26 Sep 2008 03:49:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138673</guid>
		<description>Game,
Of course he is, now.  He just bought low with a guarantee to buy more at the same price.  Now he wants others to buy into the financial industry... even if the buyer is BIG GOV.</description>
		<content:encoded><![CDATA[<p>Game,<br />
Of course he is, now.  He just bought low with a guarantee to buy more at the same price.  Now he wants others to buy into the financial industry&#8230; even if the buyer is BIG GOV.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Game Fan</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138665</link>
		<dc:creator>Game Fan</dc:creator>
		<pubDate>Fri, 26 Sep 2008 02:15:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138665</guid>
		<description>Perhaps I jumped the gun with Warren Buffett.  Looks like he&#039;s a supporter of the bailout.  :(  
http://www.cnbc.com/id/26852539</description>
		<content:encoded><![CDATA[<p>Perhaps I jumped the gun with Warren Buffett.  Looks like he&#8217;s a supporter of the bailout.  <img src='http://www.peachpundit.com/wp-includes/images/smilies/icon_sad.gif' alt=':(' class='wp-smiley' /><br />
<a href="http://www.cnbc.com/id/26852539" rel="nofollow">http://www.cnbc.com/id/26852539</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Doug Deal</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138657</link>
		<dc:creator>Doug Deal</dc:creator>
		<pubDate>Fri, 26 Sep 2008 01:27:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138657</guid>
		<description>Thanks, John.  See, we don&#039;t always disagree.</description>
		<content:encoded><![CDATA[<p>Thanks, John.  See, we don&#8217;t always disagree.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Three Jack</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-2/#comment-138640</link>
		<dc:creator>Three Jack</dc:creator>
		<pubDate>Thu, 25 Sep 2008 23:56:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138640</guid>
		<description>there&#039;s affordable food on the shelves, plentiful fuel in most places outside the se, stock market hovers around 11,000, people are not jumping out of high rise windows; why is the government attempting to bail itself out of a self inflicted jam that seems to only be effecting a relatively small number of people within the high end financial market?

for once i agree with ron paul. let this thing run its course without (more) government intervention.</description>
		<content:encoded><![CDATA[<p>there&#8217;s affordable food on the shelves, plentiful fuel in most places outside the se, stock market hovers around 11,000, people are not jumping out of high rise windows; why is the government attempting to bail itself out of a self inflicted jam that seems to only be effecting a relatively small number of people within the high end financial market?</p>
<p>for once i agree with ron paul. let this thing run its course without (more) government intervention.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bill Simon</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138634</link>
		<dc:creator>Bill Simon</dc:creator>
		<pubDate>Thu, 25 Sep 2008 23:47:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138634</guid>
		<description>&quot;And why would Konop need to call Bill a racist when Jane is busy calling him a Neocon/Jew on another thread?&quot;

Thank you for reminding me of that thread, Icarus!  I gotta go see how Jane&#039;s excuses are coming along.</description>
		<content:encoded><![CDATA[<p>&#8220;And why would Konop need to call Bill a racist when Jane is busy calling him a Neocon/Jew on another thread?&#8221;</p>
<p>Thank you for reminding me of that thread, Icarus!  I gotta go see how Jane&#8217;s excuses are coming along.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Game Fan</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138630</link>
		<dc:creator>Game Fan</dc:creator>
		<pubDate>Thu, 25 Sep 2008 23:33:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138630</guid>
		<description>It usually pays to pay attention to what Warren Buffett has to say.  And after the movie &quot;I.O.USA&quot; he was included in a panel discussion where he said it usually doesn&#039;t pay to bet against the USA.   This won&#039;t compute with the &quot;end of world&quot; types.

Markets are responding to news that Berkshire Hathaway has agreed to purchase Goldman Sachs perpetual preferred shares valued at $5 billion and received warrants to purchase additional preferreds valued at $5 billion. The Berkshire Hathaway acquisition is a vote of confidence in the U.S. financial service sector. Goldman Sachs also announced its intention to raise another $5 billion through the sale of common shares to the public.
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/09/24/berkshire-hathaway-amp-goldman-sachs-fbi-amp-fannie-and-freddie-vialoux.aspx</description>
		<content:encoded><![CDATA[<p>It usually pays to pay attention to what Warren Buffett has to say.  And after the movie &#8220;I.O.USA&#8221; he was included in a panel discussion where he said it usually doesn&#8217;t pay to bet against the USA.   This won&#8217;t compute with the &#8220;end of world&#8221; types.</p>
<p>Markets are responding to news that Berkshire Hathaway has agreed to purchase Goldman Sachs perpetual preferred shares valued at $5 billion and received warrants to purchase additional preferreds valued at $5 billion. The Berkshire Hathaway acquisition is a vote of confidence in the U.S. financial service sector. Goldman Sachs also announced its intention to raise another $5 billion through the sale of common shares to the public.<br />
<a href="http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/09/24/berkshire-hathaway-amp-goldman-sachs-fbi-amp-fannie-and-freddie-vialoux.aspx" rel="nofollow">http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/09/24/berkshire-hathaway-amp-goldman-sachs-fbi-amp-fannie-and-freddie-vialoux.aspx</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: tb</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138625</link>
		<dc:creator>tb</dc:creator>
		<pubDate>Thu, 25 Sep 2008 23:01:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138625</guid>
		<description>After all I have read, I think I like Newt Gingrich&#039;s ideas best:
http://newt.org/tabid/193/articleType/ArticleView/articleId/3725/Default.aspx

It seems to me there is WAY too much haste going on here and everyone is wanting to strike a deal.  I am really having a problem handing over this package to a treasure secretary.  The more I hear about it, the less I like it. Isn&#039;t it time to take a breath and think!</description>
		<content:encoded><![CDATA[<p>After all I have read, I think I like Newt Gingrich&#8217;s ideas best:<br />
<a href="http://newt.org/tabid/193/articleType/ArticleView/articleId/3725/Default.aspx" rel="nofollow">http://newt.org/tabid/193/articleType/ArticleView/articleId/3725/Default.aspx</a></p>
<p>It seems to me there is WAY too much haste going on here and everyone is wanting to strike a deal.  I am really having a problem handing over this package to a treasure secretary.  The more I hear about it, the less I like it. Isn&#8217;t it time to take a breath and think!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: John Konop</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138623</link>
		<dc:creator>John Konop</dc:creator>
		<pubDate>Thu, 25 Sep 2008 22:44:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138623</guid>
		<description>VERY GOOD POINT!

&quot;However, the law needs to be written as to forbid Congress from extending the program beyond it’s initial scope. Otherwise, home loans will become another “right” guarenteed by the Federal Government&quot;</description>
		<content:encoded><![CDATA[<p>VERY GOOD POINT!</p>
<p>&#8220;However, the law needs to be written as to forbid Congress from extending the program beyond it’s initial scope. Otherwise, home loans will become another “right” guarenteed by the Federal Government&#8221;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: David</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138620</link>
		<dc:creator>David</dc:creator>
		<pubDate>Thu, 25 Sep 2008 22:12:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138620</guid>
		<description>All of this bailout stuff is crap anyway.  Starting back in the mid-70&#039;s with Chrysler, the taxpayers have been propping up fiscal irresponsibility ever since.  Bottom line is this: If you haven&#039;t &quot;earned&quot; the ability to qualify for a mortgage, ie being a good credit risk, then you have no &quot;right&quot; to buy or own your own home.  Don&#039;t like it?  Tough.  Rent until you can buy your own home.   Wealth envy and vote buying schemes that prop up the least common denominator of the undeserving in this country is slowly ruining everyone and it is sickening.</description>
		<content:encoded><![CDATA[<p>All of this bailout stuff is crap anyway.  Starting back in the mid-70&#8242;s with Chrysler, the taxpayers have been propping up fiscal irresponsibility ever since.  Bottom line is this: If you haven&#8217;t &#8220;earned&#8221; the ability to qualify for a mortgage, ie being a good credit risk, then you have no &#8220;right&#8221; to buy or own your own home.  Don&#8217;t like it?  Tough.  Rent until you can buy your own home.   Wealth envy and vote buying schemes that prop up the least common denominator of the undeserving in this country is slowly ruining everyone and it is sickening.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Doug Deal</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138617</link>
		<dc:creator>Doug Deal</dc:creator>
		<pubDate>Thu, 25 Sep 2008 21:11:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138617</guid>
		<description>I am not against those other provisions of any form of bailout, I was just examining the one that I thought was not effective or wise.

If a bailout of some sort is a must, then it must be done in a way that it is not something in which the people who benefit from it end up doing cartwheels straight to easy street.  

I am not a big fan of bailouts, but if it comes, the debt should be purchased at a discount to account for the lower current market value.  Further, the homeowner would have to sign off on a rider with a few new terms (a fixed special rate in return for student loan like bankruptsy exclusions as well as criminal penalties for failing to pay in good faith like there is in child support cases).

As the market returns to normal and when these homes are paid off due to sales or the debt itself is sold (with the new terms going with it), the Feds can lower their stake in the market of bad debt.

If done properly, the program could pay for itself, eventually. 

However, the law needs to be written as to forbid Congress from extending the program beyond it&#039;s initial scope.  Otherwise, home loans will become another &quot;right&quot; guarenteed by the Federal Government.</description>
		<content:encoded><![CDATA[<p>I am not against those other provisions of any form of bailout, I was just examining the one that I thought was not effective or wise.</p>
<p>If a bailout of some sort is a must, then it must be done in a way that it is not something in which the people who benefit from it end up doing cartwheels straight to easy street.  </p>
<p>I am not a big fan of bailouts, but if it comes, the debt should be purchased at a discount to account for the lower current market value.  Further, the homeowner would have to sign off on a rider with a few new terms (a fixed special rate in return for student loan like bankruptsy exclusions as well as criminal penalties for failing to pay in good faith like there is in child support cases).</p>
<p>As the market returns to normal and when these homes are paid off due to sales or the debt itself is sold (with the new terms going with it), the Feds can lower their stake in the market of bad debt.</p>
<p>If done properly, the program could pay for itself, eventually. </p>
<p>However, the law needs to be written as to forbid Congress from extending the program beyond it&#8217;s initial scope.  Otherwise, home loans will become another &#8220;right&#8221; guarenteed by the Federal Government.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: John Konop</title>
		<link>http://www.peachpundit.com/2008/09/24/a-market-based-alternative-to-the-wall-street-bailout/comment-page-1/#comment-138612</link>
		<dc:creator>John Konop</dc:creator>
		<pubDate>Thu, 25 Sep 2008 20:41:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.peachpundit.com/?p=8819#comment-138612</guid>
		<description>Doug Deal

I already said Icarus had a better idea. The point I was making was a way to make the payment lower while using less tax payer money. 

The interest only vehicle would have the largest impact. I am not for subsidizing the interest rate because that money will be needed for reserves for lack of equity pay down. 

I am for forcing the people with this product to not have walk away rights like a student loan.</description>
		<content:encoded><![CDATA[<p>Doug Deal</p>
<p>I already said Icarus had a better idea. The point I was making was a way to make the payment lower while using less tax payer money. </p>
<p>The interest only vehicle would have the largest impact. I am not for subsidizing the interest rate because that money will be needed for reserves for lack of equity pay down. </p>
<p>I am for forcing the people with this product to not have walk away rights like a student loan.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

