Comments on: It’s About the Rule of Law

By: Here Comes Tomorrow » History Repeats Itself, First as Tragedy, Second as Farce

Fri, 22 Oct 2010 06:49:23 +0000

[...] October 12th: Why should there be a national foreclosure moratorium? Because only 23 states deal with [...]

By: John Sears

John Sears — Wed, 13 Oct 2010 01:41:57 +0000

@Michael D.
Hi there! First, let me congratulate you on learning how to read without comprehending, since the little tab of personal webcomic interests at the top of the site (which is two years out of date anyway) contains no links to comic *books* of any kind.

You generally read those offline. You know, while holding them.

Second, do you have any actual factual errors you’d like to point out? If you want to talk about my tastes in comics, online or off, send me an email. This isn’t the place per se.

Third… eh. I’m tired of mocking you. I need a new pet troll.

By: John Sears

John Sears — Wed, 13 Oct 2010 00:51:06 +0000

@Joe Beese
Haha. Aww, did I hurt Often-Wrong’s fee-fees?

Awesome.

I hope one day to be forgiven by as many people as he has been for being as spectacularly wrong as he was. Only, you know, without backing a war that killed hundreds of thousands of innocent civilians. Honestly, the fact that the man can show himself in public is a testament to the power of human ego.

By: John Sears

John Sears — Wed, 13 Oct 2010 00:49:53 +0000

@Greenlabormike
I never said he did have the power to do it by fiat; the thing he COULD do is tell his staffers not to go out to the press and badmouth the idea.

Personally, since Fannie and Freddie own or back 90% of all new mortgages issued in the US, and are, err, federally controlled, I think it’d be doable to get a national moratorium. Simply tell any of the four major banks doing foreclosures, BOA, Citi, etc, that if they foreclose on a single property, Fannie and Freddie won’t buy.

That’s equivalent to a wrench in the teeth, but it works.

By: Joe Beese

Joe Beese — Tue, 12 Oct 2010 23:33:05 +0000

I should thank John Cole for getting all WATB about this post. I like the cut of your jib, sir.

By: Greenlabormike

Greenlabormike — Tue, 12 Oct 2010 23:15:19 +0000

I agree that a national moratorium makes sense (messy, complicated, painful, but in the end necessary) but in defense of Mr. Cole, he does make one valid point – Obama can’t do it by Presidential Fiat…err..Executive Order. It would have to be done by an Act of Congress (the power to regulate interstate commerce and all that). Arguably, the Consumer Financial Protection Agency will have jurisdiction…when it is set up…but at the moment, Congress is the only way to go, except for the inidividual States to each order its own Moratorium.

By: Michael D.

Michael D. — Tue, 12 Oct 2010 23:02:58 +0000

Seriously? Are you honestly this obtuse? It hurt to read this post. Comic books, and not public policy, are definitely more your speed.