X-Message-Number: 31166
From: "John de Rivaz" <>
References: <>
Subject: Re: Subject: financial stability
Date: Fri, 14 Nov 2008 11:15:57 -0000


I still think that the problem is that people competed for a limited resource 
(housing) using unrealistic "weapons" (incorrectly measured borrowing capacity).


It is a nice thought that everyone ought to have the opportunity to buy, but the
way to achieve that is to make housing cheaper, not make it easier to borrow. 
The latter merely pushed up prices making it even more difficult to buy until 
the bubble burst.


It is also a nice thought to make some form of preservation available to 
everyone, and the cryonics movement should be (and is as far as I can see) 
taking a lesson from the "owner occupied housing for all" idea and avoid a 
general failure in a similar way. There would be no government bail-out. In fact
quite the reverse could occur. Government action could precipitate failure.

-- 
Sincerely, John de Rivaz:  http://John.deRivaz.com for websites including
Cryonics Europe, Longevity Report, The Venturists, Porthtowan, Alec Harley
Reeves - inventor, Arthur Bowker - potter, de Rivaz genealogy,  Nomad .. and
more

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