Comments on: MIT Global Crisis Class, Today at 4:30pm http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/ What happened to the global economy and what we can do about it Sat, 02 Jun 2012 18:26:14 +0000 hourly 1 http://wordpress.com/ By: Darryl Cochrane http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1754 Fri, 05 Dec 2008 04:42:59 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1754 I wonder how individual mortgages can be adjusted in a fashion which will allow the mortgagor to avoid foreclosure when so many of the outstanding mortgages have been securitized. I heard Sheila Baer say that she thought a mortgage adjustment program could help something like 40% of the the mortgagors who are distressed. I wonder if the reason the other 60% can’t be helped is that their mortgages have been bundled and sold to others. Once a mortgage is bundled how could it ever be individually adjusted?

Additionally, in class there was a question, if I recall this correctly, about giving incentives to banks to be more selective in their granting of mortgages. In order to achieve this, would it be possible to amend the tax code to tie the deduction for a failed mortgage to the percentage of the total purchase price which was paid for by the down payment. A “no down payment” mortgage could deduct only 80% of the loss, for example, while a 20% downpayment could deduct 100% of the loss. This would be self enforcing and it seems to me would lead to much more sound mortgages.

]]> By: Ruchika http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1720 Wed, 03 Dec 2008 19:03:56 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1720 Hey, this is the first time I will be logging in to MIT’s global crisis class. When I click on the link, it take me to the website for real media player. Is that because the class has still not started?

]]> By: Roy http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1704 Wed, 03 Dec 2008 01:32:43 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1704 Would you consider publishing stats for your site (visitors and geographic location)?
Thanks
Roy

]]> By: Roy http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1702 Tue, 02 Dec 2008 22:48:05 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1702 Would like to thank MIT, Mr S. Johnson, Mr J. Kwak, but most of all the STUDENTS, for allowing us to participate in this class and for challenging old-school (no pun intended) education paradigms.
Roy
Brooklyn, NY
(heard about TBLS on NPR’s Market Place)

]]> By: James Kwak http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1701 Tue, 02 Dec 2008 22:00:02 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1701 I updated this post with the link.

]]> By: Ben http://baselinescenario.com/2008/12/02/mit-global-crisis-class-today-at-430pm/#comment-1699 Tue, 02 Dec 2008 21:38:25 +0000 http://baselinescenario.wordpress.com/?p=1487#comment-1699 Is there a broadcast link I’m missing?

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