Comments on: Monday’s Papers http://jaredbernsteinblog.com/monday%e2%80%99s-papers/ Facts, Thoughts, and Commentary Sun, 19 May 2013 16:49:58 +0000 hourly 1 By: WASanford http://jaredbernsteinblog.com/monday%e2%80%99s-papers/#comment-130381 WASanford Tue, 20 Mar 2012 05:19:10 +0000 http://jaredbernsteinblog.com/?p=4404#comment-130381 Yes! They are parasites and sociopaths to boot!

]]> By: jonathan http://jaredbernsteinblog.com/monday%e2%80%99s-papers/#comment-130337 jonathan Tue, 20 Mar 2012 04:33:50 +0000 http://jaredbernsteinblog.com/?p=4404#comment-130337 If you’re collecting stories in which the GOP wants the federal government to be involved, there is perhaps none better than federal guarantees of mortgage financing for property affected by oil & gas drilling. Without the federal involvement, banks wouldn’t lend on these properties.* This means the reviled mortgage guarantors, the same ones the GOP has promised to eliminate, are necessary so a) oil & gas drilling can proceed and b) at subsidized cost. Without the guarantees, the cost of leases would be higher to compensate for the increased risk taken on by the financing bank, if they’d cover at all. In many areas, I wonder if any bank would write a mortgage for a fracking property.

*Would you? Given the uncertainties? These uncertainties are greater than the asbestos scares because that was only about what you found and what it cost to remediate while this involves unknowable risks that involve the actions of unrelated parties over time and the damage may not be undoable.

]]> By: Michael http://jaredbernsteinblog.com/monday%e2%80%99s-papers/#comment-130256 Michael Tue, 20 Mar 2012 01:06:24 +0000 http://jaredbernsteinblog.com/?p=4404#comment-130256 I just don’t get conservatives. Are they just outright parasitic? “We’re not going to raise the tax revenue to match your contribution; you should just give us the money and not even care if the project gets finished.”

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