Even at the rate that Mr. Weller is suggesting you’re looking at ratio of something like 96,000 dollars for every loan. Like he pointed out the majority of these loan mods are temporary. This is simply far too excessive. Get the government out of the market.

Also, it’s incredibly surreal for Barney Frank to position himself as the voice of reason and restraint on this issue.

@whoo689 This is because that dumbass progressive Keynesian is the only thing they can put up against Mitchell.

Sic ‘em Dan.

Excellent as always Dan.

No, he isn’t. That’s the worrisome part. The not-so-worrisome part is that less and less people are feeding from that trough.

@Betty5150
I’m no economist, but surely the all the Austrian school’s laissez-faire, spontaneous order, small government stuff would appeal to Cato? On what grounds do they disagree?

Christian amazes me. He truly does. No matter what intervention he thinks will work… it never does. He himself said that the 750 billion was going to work… it didn’t. Then asked why TARP didn’t work he comes up with more excuses. Christian sounds more like a politician(liberal, keynesian, socialist, facist) than an economist.

Let the prices of homes go down. Let the pricing mechanism work. Government cannot continue to distort housing prices. Especially, at the cost of taxpayers.

I don’t think they can find anyone else.

Christ almighty give Dan someone else to debate, CNBC…

God I hate Christian Weller, hes so stupid and such a jackass

Hey Christian: “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” —Henry Hazlitt