tag:blogger.com,1999:blog-2048715035467766557.post188898294196727519..comments2024-03-03T04:40:39.492-05:00Comments on Fire Megan McArdle: Can We Go Back to Lazy and Incompetent?bradhttp://www.blogger.com/profile/06907349163323395529noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2048715035467766557.post-16005234022932055742009-12-19T20:05:37.799-05:002009-12-19T20:05:37.799-05:00Megan is being very patient here, explaining to pe...Megan is being very patient here, explaining to people who don't understand that if people default on mortgages that in another time would never have been written, no banker will ever write another mortgage again. Even those bankers who are in the mortgage banking business and who would be out of work if they stopped writing mortgages will stop writing mortgages, Megan says. This is because Megan has no idea of what goes on in banking, besides what bankers tell her at cocktail parties.Worker 17https://www.blogger.com/profile/11311854874493560068noreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-35133903982193330732009-12-18T21:12:55.851-05:002009-12-18T21:12:55.851-05:00OK, just read the post, well skimmed it, well all ...OK, just read the post, well skimmed it, well all right the opening and closing paragraphs. But I do have to give her credit for this: <br /><br />"But we've lived in a world where profit-maximizing corporations operate by different normative rules from individuals for 150 years."<br /><br />Indeed, Megan. Even a blind squirell finds the occasional nut. No surprise her inflated sense of "morality" doesn't see this as a problem.<br /><br />What it boils down to is individual people are not entitled to maximize profits, that's only for our betters.cbnoreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-77673667244794290102009-12-18T20:51:32.919-05:002009-12-18T20:51:32.919-05:00"then no one ever will be able to get a house..."then no one ever will be able to get a house again"<br /><br />Oh they'll get <i>houses</i>, Megan. They just won't have to bother with those pesky mortgages. Unless you and your rich buddies want to pay for full time security for every empty house no one can buycbnoreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-66128048513920506082009-12-18T19:46:17.916-05:002009-12-18T19:46:17.916-05:00NoT: Thanks for beating me to this one. Happy Holi...NoT: Thanks for beating me to this one. Happy Holidaze!<br /><br />Not that I'd have had much more to type than: "It's OK If You're a Corporation."M. Bouffanthttps://www.blogger.com/profile/04519088858760760560noreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-88323028953717790282009-12-18T18:53:35.451-05:002009-12-18T18:53:35.451-05:00She has one true point : A slave mentality amongst...She has one true point : A slave mentality amongst the proles is essential to maintaining the current order.<br /><br />That this is neither possible nor desirable is a slight flaw she hasn't noticed.Downpuppyhttps://www.blogger.com/profile/10312490198813632190noreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-61184582050269761002009-12-18T17:32:35.735-05:002009-12-18T17:32:35.735-05:00I want to know where she got that idiotic idea tha...I want to know where she got that idiotic idea that Europeans "queue" different than Merkins/Brits*/Aussies? I've lived in several European countries and they got in line at shops just like we do here.<br /><br />*Who are also, in fact, Europeans.<br /><br />And will somebody please tell her that making a "Shit I Have In My House" list is not a holiday gift guide that is useful to other people? What a self-absorbed git. "Peter and I have consolidated households, so we don't need new electronics. Which means you and your loved ones don't either."Clever Pseudonymnoreply@blogger.comtag:blogger.com,1999:blog-2048715035467766557.post-51105045452273739452009-12-18T16:47:50.101-05:002009-12-18T16:47:50.101-05:00"Anyway, my large point is that if people sta..."Anyway, my large point is that if people start defaulting on mortgages before they have liquidated their assets, raided the college fund, and emptied their retirement accounts, then no one ever will be able to get a house again."<br /><br />And if they walk away before doing all those things, thinking about the next generation?<br /><br />(channeling William Shatner in an old TOS episode) "No difference."Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.com