RE: Underwater mortgages and the economy (Dan Minette)

2010-11-02 Thread Dan Minette
-Original Message- From: brin-l-boun...@mccmedia.com [mailto:brin-l-boun...@mccmedia.com] On Behalf Of Doug Pensinger Sent: Tuesday, November 02, 2010 12:25 AM To: Killer Bs (David Brin et al) Discussion Subject: Re: Underwater mortgages and the economy (Dan Minette) Keith wrote

RE: Underwater mortgages and the economy (Dan Minette)

2010-11-01 Thread Keith Henson
On Mon, Nov 1, 2010 at 11:00 AM, Dan Minette danmine...@att.net wrote: snip Third, to get out of this, the US needs a positive black swan to change all the rules again.  This will soak up investment capitol, with a real return on investment, because wealth will be created.  Until it comes,

Re: Underwater mortgages and the economy (Dan Minette)

2010-11-01 Thread Doug Pensinger
Keith wrote: Unfortunately I have no ideas about how to get this going, at least not in the US.  I think a rule change favoring longer term investments in physical plant will be needed before anyone will consider any such ideas. It needs to be recognized as a matter of national security.