Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Precisely.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Fri Oct 15th, 2010 at 05:06:20 AM EST
[ Parent ]
Heh. And why would Geithner care about that?

a national moratorium would be very damaging to exactly the kind of people we're trying to protect,

I don't think he means the about-to-be homeless.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Oct 15th, 2010 at 07:31:32 AM EST
[ Parent ]
The stated reason is total bunk. But "we know" middle-class voters care about their net equity and the value of their home so let's argue that a foreclosure moratorium would negatively impact property values. And the mechanism by which we argue this happens doesn't matter because in narrative logic all that people will remember is halting foreclosures is bad for property values.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Fri Oct 15th, 2010 at 09:33:42 AM EST
[ Parent ]

Display:

Top Diaries

Sisyphean syphilis

by marco - Mar 26
23 comments

Movies

by DoDo - Mar 7
22 comments

Two ruins

by DoDo - Mar 14
7 comments

Greek MP Lapavitsas on Grexit

by Upstate NY - Mar 15
294 comments

Recent Diaries

Sisyphean syphilis

by marco - Mar 26
23 comments

Greek MP Lapavitsas on Grexit

by Upstate NY - Mar 15
294 comments

Two ruins

by DoDo - Mar 14
7 comments

Hello

by alexc - Mar 12
6 comments

Movies

by DoDo - Mar 7
22 comments

The new Greek government program

by talos - Feb 23
171 comments

More Diaries...

Occasional Series