David Kirkpatrick

November 29, 2008

Modifying home loans via bankruptcy …

Filed under: Business, Politics — Tags: , , , , , — David Kirkpatrick @ 6:03 pm

… is actually a pretty good idea.

From the Obsidian Wings link:

Mortgages And Bankruptcy

by hilzoy

A bankruptcy judge in the Washington Post:

“Homeowners are the only ones who cannot modify the terms of their secured debts in bankruptcy. Corporate America flocks to bankruptcy courts to do precisely this — to restructure and reamortize loans whose conditions they find onerous or can no longer meet. Airlines are still flying and auto parts makers still operating because they have used this powerful tool of the bankruptcy process.

And from later in the post:

Perhaps it once made sense to think that mortgages should not be restructured in bankruptcy. I don’t think it makes sense now. It would be great if a repeal of this provision of the bankruptcy laws were one of the bills that will be waiting for President Obama to sign when he takes office.

July 19, 2008

An endorsement from Iraq?

Filed under: Politics — Tags: , , , , , , — David Kirkpatrick @ 2:03 pm

The first place I saw this quote was the Daily Dish. Maliki is endorsing Obama, at least implicitly, by endorsing Obama’s view of a future Iraq.

From the link:

By Patrick Appel
“U.S. presidential candidate Barack Obama talks about 16 months. That, we think, would be the right timeframe for a withdrawal, with the possibility of slight changes,” – Iraqi Prime Minister Nouri al-Maliki.

Update: Maybe I should have linked this Daily Dish post with something of a roundup of opinion on the subject.

Further update: I’m running a bit slow today and reading the Daily Dish from the bottom up. Maliki is clear his statement isn’t an endorsement, but he’s showing a great deal of more understanding democratic principles than the current US administration.

From the link:

Maliki: Those who operate on the premise of short time periods in Iraq today are being more realistic. Artificially prolonging the tenure of US troops in Iraq would cause problems. Of course, this is by no means an election endorsement. Who they choose as their president is the Americans’ business. But it’s the business of Iraqis to say what they want.