August 2006 Weddings
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
What is the House Republican plan?
Have the details been published anywhere? I keep hearing about this alternate plan, but I haven't seen any specifics. Maybe I'm not reading the right news articles.
Re: What is the House Republican plan?
Last night when I was watching the news, they showed some House Republicans complaining about the proposed bailout bill, and I found myself agreeing with their points. It scared me.
That was a great post.
Here's a c&p from the repub plan:
* Rather than providing taxpayer funded purchases of frozen mortgage assets, we should adopt a mortgage insurance approach to solve the problem.
* Currently the federal government insures approximately half of all mortgage backed securities. (MBS) We can insure the rest of current outstanding MBS; however, rather than taxpayers funding insurance, the holders of these assets should pay for it. Treasury Department can design a system to charge premiums to the holders of MBS to fully finance this insurance.
I had no idea MBS's were insured by the gov't and had not considered this idea. I was reading up on the solution implemented during the S&L crisis and assuming that would be a good one here, which is what the Paulson and, to some extent, Dodd plans were. But this is interesting and sounds like a good idea. I'd love to see an economic analysis from someone who knows this industry. The creation of the FDIC mostly fixed the bank run problem, maybe this can mostly fix the current problem. The worst case scenario would be the gov't is forced to buy them, which is what everyone else is proposing anyway. Makes sense to try something else drastic first and hope it doesn't come to that.