Comments on: Yglesias on Irresponsible Borrowers http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/ Fri, 30 Jul 2010 11:54:39 +0000 hourly 1 http://wordpress.com/ By: Rational irresponsibility « A Grand Mute Proof http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1391 Rational irresponsibility « A Grand Mute Proof Tue, 10 Mar 2009 01:20:59 +0000 http://progressconservative.com/?p=2358#comment-1391 [...] conservative response has been to chide Yglesias for “discounting the common sense of borrowers” and putting it above borrowers’ ability to “understand their own situation”. By [...] [...] conservative response has been to chide Yglesias for “discounting the common sense of borrowers” and putting it above borrowers’ ability to “understand their own situation”. By [...]

]]> By: Mike http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1339 Mike Fri, 27 Feb 2009 18:41:28 +0000 http://progressconservative.com/?p=2358#comment-1339 I'm fine with whatever suffering the lenders have to go through. I'm not making excuses for either side. I’m fine with whatever suffering the lenders have to go through. I’m not making excuses for either side.

]]> By: Philip H. http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1336 Philip H. Fri, 27 Feb 2009 17:06:53 +0000 http://progressconservative.com/?p=2358#comment-1336 hum . . . . people learning from their mistakes . . . sound like something you need to take up with Citigroup since they are back atthe government trough with their management and corporate boards intact . . . . but I digress. hum . . . . people learning from their mistakes . . . sound like something you need to take up with Citigroup since they are back atthe government trough with their management and corporate boards intact . . . . but I digress.

]]> By: Mike http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1327 Mike Thu, 26 Feb 2009 15:15:13 +0000 http://progressconservative.com/?p=2358#comment-1327 And many of the people on the Left are blaming it all on the banks, as the Yglesias piece points out. All business deals are a 50/50 proposition. If we try to change that ratio, we are just creating an environment where people don't learn from their mistakes. And many of the people on the Left are blaming it all on the banks, as the Yglesias piece points out.

All business deals are a 50/50 proposition. If we try to change that ratio, we are just creating an environment where people don’t learn from their mistakes.

]]> By: Philip H. http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1322 Philip H. Thu, 26 Feb 2009 14:23:23 +0000 http://progressconservative.com/?p=2358#comment-1322 Mike, The problem with your position is that many folks on the conservative side of the aisle are trying to turnthe entire amount of blame towards the people who committed loan fraud, and thus exonherate the bankers and banking industry. Matt's defense, in part, is trying to stem that tide. There's nothing wrong with his assertion that there were always two parties inthe transaction, and that the understandable frustration about fraud in mortgage applications also needs to expand to frustration (and I would argue outrage) at those who accepted, failed to verify, processed and granted mortgages on those applications. Too many conservatives are still wedded to the notion that markets ( and by extension businesses within those markets) can do no worng, so it must be only the mortgage holder's fault. Perhaps Matt went too far, but if we're going to fall on the sword of personal responsibility, let's make sure everyone who needs to fall on that sword gets a fair shot. Mike,
The problem with your position is that many folks on the conservative side of the aisle are trying to turnthe entire amount of blame towards the people who committed loan fraud, and thus exonherate the bankers and banking industry. Matt’s defense, in part, is trying to stem that tide. There’s nothing wrong with his assertion that there were always two parties inthe transaction, and that the understandable frustration about fraud in mortgage applications also needs to expand to frustration (and I would argue outrage) at those who accepted, failed to verify, processed and granted mortgages on those applications. Too many conservatives are still wedded to the notion that markets ( and by extension businesses within those markets) can do no worng, so it must be only the mortgage holder’s fault. Perhaps Matt went too far, but if we’re going to fall on the sword of personal responsibility, let’s make sure everyone who needs to fall on that sword gets a fair shot.

]]> By: Dennis Sanders http://progressconservative.com/2009/02/25/yglesias-on-irresponsible-borrowers/#comment-1321 Dennis Sanders Thu, 26 Feb 2009 05:04:49 +0000 http://progressconservative.com/?p=2358#comment-1321 I thought you'd want to know that I wrote something on that post as well: http://neomugwump.blogspot.com/2009/02/buck-stopsover-there.html I thought you’d want to know that I wrote something on that post as well: http://neomugwump.blogspot.com/2009/02/buck-stopsover-there.html

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