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overtheedge
Membre depuis mai 2012
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Re-Default: Up To 46% Of Bailed Out Homeowners Can’t Pay Their Mortgage (Again) - Mac Slavo - ShtfPlan

"The Treasury department is going to launch an investigation into why the program isn’t working."
Uh-huh. Shouldn't cost much more than a few million dollars and still won't solve the problem.

And I'm getting a bit tired of intellectual laziness. There is no Nobel Prize for economics. Ergo Paul Krugmann never won a Nobel. Never!

Here is the correct term:
"The Sveriges Riksbank Prize in Economic Sciences* in Memory of Alfred Nobel"
Go to the Nobel Prize site and see for yourself.

*Economic sciences? That's BS in and of itself.
Making the claim that the study of economics is science is no more honest than sitting in a garage, reading a "Chilton's" manual and claiming you are a 1952 Buick.
Science utilizes the scientific method. Theory only follows multiple proven hypothesises (hypothesii?). Every experiment MUST be replicable. And then there is the peer review stage because science is a skeptic: prove up or shut up.

There is science and there is philosophy. Economics is philosophy.
The prize is just bankers (and economists) attempting to legitimize their version of voodoo.

Commenté il y a 4128 jours

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Début de l'article :The Treasury Department and managers of the Home Affordable Modification Program (HAMP) are scrambling to figure out why homeowners who used the government’s bailout mechanism to save their homes are re-defaulting on their payments. The program, originally designed to assist homeowners who were facing foreclosure following the 2007 sub-prime crisis, has reportedly saved 1.2 million people from losing their homes, but a report from the Special Inspector General who oversees the government’s Troub... Lire la suite

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