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ARGeezer:
 The system is unstable, non-linear and under stress.  If even a few of those with underwater residential mortgages decide to stop paying and gamble on the banks not being able to show title, that alone could bring the system down.

But I'm sure that is a problem that can be solved by their pet Congress. I'd call it the They-Don't-Need-To-Show-Title-Because-We-Say-So-Act.
by generic on Thu Oct 22nd, 2009 at 06:41:45 AM EST
[ Parent ]
Hopefully, that would be blocked by those concerned with the popular vote next year.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 22nd, 2009 at 11:46:10 AM EST
[ Parent ]
And fortunately, the markets and market perceptions move a lot faster than Congress.  If such a phenomenon emerged, the damage could be done before the act was passed.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 22nd, 2009 at 11:49:30 AM EST
[ Parent ]
Executive order?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Oct 22nd, 2009 at 12:01:05 PM EST
[ Parent ]
One-term president.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Oct 22nd, 2009 at 04:06:35 PM EST
[ Parent ]
Revolving door.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Oct 22nd, 2009 at 04:40:53 PM EST
[ Parent ]
The prospect of being a one term president might be the ONLY thing that could get Obama to get tough on the banks.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 22nd, 2009 at 08:19:53 PM EST
[ Parent ]

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