Plagiarism! I been robbed!!

T

trefoil

I quote from myself (http://www.elitetrader.com/vb/showthread.php?s=&threadid=111396&perpage=6&pagenumber=3)

That letter has got to be one of the stupidest things ever written.
How many ways is the housing market subsidized? Let's count the ways:

1 - Mortgage interest deduction.
2 - Property tax deduction (sales taxes aren't)
3 - The existence of the GSE's, Fannie and Freddie, whose mission is to keep up liquidity in the marketplace.
4 - Etc: FHA, FHLB, a whole slew of Federal agencies and interventions, all designed to "make housing affordable", or something.

So this latest is just the next in line. The housing market hasn't been a free market in a long long time.
More...

Today, in the FT, we see this, from the appropriately named Clive Crook:

Start with virtually unlimited tax relief on mortgage debt. Throw in the two giant “providers of liquidity”, Fannie Mae and Freddie Mac, key enablers of the mortgage securitisation surge, operating in the background under implicit government guarantee, with transactions accounting for 40 per cent of US mortgages on their books. Do not forget the Federal Housing Administration, the government mortgage insurer (6m loans and counting), which the administration has just asked to take on a much expanded role. And now this.
Totting up the explicit and implicit cost of these programmes, the mind reels. The tax deduction alone is nearly $80bn a year. It is a little late for a market-based approach.
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The sequence is the same as mine. None of it is original; for instance, he could have mentioned the capital gains exclusion, whereby you are not taxed on the gain you might have made in the sale of your home, provided you buy another within a certain set period (don't remember the period, but I think it's something like a year).
I think I have a case. What do you guys think?
 
That he writes better'n me is:

a) obvious, and
b) beside the point.

Although, I do have my Dewar's lined up in soldierly array over here...
 
Send him an email, ask if he needs an assistant OR Maybe?? he'll forward a piece of news about something to be published that may be beneficial to you. Frankly, I'd mention it, not in a belligerent way, more in the tone of "whaz your et id?" "Maybe we know each other".:D
 
Sorry TreFoil,

But you gave it to him to use free and clear. In case you forget, you might want to check the membership agreement for ET:

While we appreciate your interest in Elite Trader, we do not want and cannot accept any ideas or content you consider to be proprietary. Consequently, any material you submit to this site will be deemed a grant of a royalty free non-exclusive right and license to use, reproduce, modify, display, transmit, adapt, publish, translate, create derivative works from and distribute these materials throughout the universe in any medium and through any methods of distribution, transmission and display whether now known or hereafter devised. In addition, you warrant that all so-called "moral rights" have been waived.
More...
Located here: http://www.elitetrader.com/vb/register.php?s=&action=signup

In fact, based on that alone, someone could mine ET and come up with all sorts of trading books without having to do much actual work!
 
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