tag:blogger.com,1999:blog-862751130582500985.post4426956534100715070..comments2023-05-20T02:59:34.668-05:00Comments on No, You're Hyperbolic: NYT: "The Issue is Payback, Not Bailout"jumcohttp://www.blogger.com/profile/15753433888238396781noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-862751130582500985.post-71996409869655512242008-09-24T15:27:00.000-05:002008-09-24T15:27:00.000-05:00I am really beginning to detest this canard about ...I am really beginning to detest this canard about 'how complicated' 'mortgage finance' is. <BR/><BR/>First of all, mortgage finance is no more or less complicated than other contemporary markets. Second of all, Congress does not, nor should not care about how complicated it is. <BR/><BR/>The issue at hand is not mortgage finance, the issue at hand is a much more classical one regarding a jumcohttps://www.blogger.com/profile/15753433888238396781noreply@blogger.comtag:blogger.com,1999:blog-862751130582500985.post-58515485698906804022008-09-24T14:52:00.000-05:002008-09-24T14:52:00.000-05:00"Leonhardt's overall point seems to be that the Co..."Leonhardt's overall point seems to be that the Congress is completely unequal to the task before them. Is anyone surprised?"<BR/><BR/>I am not. Still, even though the SEC and the Fed (both independent agencies) are imperfect, I'd rather have them exercising Congress' delegated Article I powers than suffer through the comedy of Nancy Pelosi and John Boehner running our banking/securities Pericleshttps://www.blogger.com/profile/06945738688567266186noreply@blogger.comtag:blogger.com,1999:blog-862751130582500985.post-13114242808706646972008-09-24T14:26:00.000-05:002008-09-24T14:26:00.000-05:00In the third paragraph, near the bottom, of course...In the third paragraph, near the bottom, of course I meant to type "put" the tax rate back to ...Tony Waltershttps://www.blogger.com/profile/03883880092140808832noreply@blogger.com