What Lassie?Timmy fell down the well...again!

Did he sell his home yet?

has he paid his taxes yet?

no and no

We want to rebuild a private market and carry the major burden of providing finance for houses. That requires we wind down the GSC's. Wind down Fannie and Freddie. We put in place a stronger market, better underwriting standards, better capital for mortgages. Better protection for consumers. Oversight of servicers.

You need to create the conditions that allow private capital to come back into the housing market. And that requires setting out new rules of the game for oversight, for capital, for risk retention, for standardization and mortgage products-- reforms to how servicers do their business.

And we're going to be very careful, again, to proceed in a way that helps support this process of not just economic growth but repair in the housing market.

I just want you to know, we're going to do fundamental reform, but we're going to do it in a way that is carefully phased in over time. So we're reinforcing, supporting this process of repair in the housing market. 'Cause as everybody knows, there's still a lot of trauma in the housing markets as a whole. And we want to make sure that process of-- of repair continues.

Starting today, I will carry an extra pair of clean underwear everywhere I go.

"Well, the important thing is we need to build a market where homeowners put more equity in their home. Hold more equity in their home." - how about stricter down payment rules - you start at a much higher level. What about ending the tax deductibility of the so called "home equity" loan that has been largely responsible for many homeowners drowning by being underwater?

Funny falci.

If you read geitner it sounds like every home seller on this mkt. 'Yes, the home is for sale. Yes I need to sell asap, lower the price? WTF do you think I'm desperate. I can keep this home on the market for a long long long time!'

He's going to make some magic which supports house prices.
He's Going to work the gov out of the mortage business.
He's going to make sure that banks are responsible and liquid against their obligations.
He's going to increase fees and transparency while doing no harm to the housing market.
He's going to make the statue of Liberty disappear ala 'David Copperfeild' without all those mirrors.

and to do all this, i believe in the short term they are going to RAISE the conforming loan limits.

liar, liar, pants on fire.

He's racing and pacing and plotting the course,
He's fighting and biting and riding on his horse.
He's going the distance. Ah yeah.

malthus
about 3 hours ago
ignore this person
report abuse He's racing and pacing and plotting the course,
He's fighting and biting and riding on his horse.
He's going the distance. Ah yeah.

hey! i was going to use that here one of these days!

malthus, oh yeah.

but i still like we are building a religion...

for timmay it may be we are "re"building a religion.

ar, did you tell the se bots to take down my posts about my love for columbiacounty?

and deprive the world of such magnificent bodice-ripping prose? of course not lucille.

lol do you know if he got to read any of it?

not a clue. next time you desire to have your brilliance thus shine, try the mid-morning. that seems to be when cc is more likely to be active on the boards. shame to waste such literature.

well, he has to start it first. hey, it's one way to lose a troll. wish you'd thought of it, don'tya

actually, no. and comparing cc to my troll is without a doubt one of the more idiotic comments you've made. i doubt you've lost cc, although i would promote it.

no don't! i want him to do it now. this was fun! and i've got some great material. yeah, your troll really went after you.

Do people want the Treasury Secretary to have done anything different in his official role?