Mortgage Reform.... Complexity

Lots of detritus
being slung around...

Well, there have been some really great comments (particularly the ones I agreed with!) posted over the last three days. Thought it might be good to stop at this point and sort through some of that detritus (which is just a fancy word for... well never mind.)

Reform:
A-maze-ingly Difficult ! 

Quite often "reform" - which by the way is a synonym for "change" - gets waylaid, derailed, and defeated by the introduction of multiple, inconsequential or extraneous "concerns" - called "piling on" !!  Adding complexity always makes reform more difficult. Trying to solve just one problem is tough enough; trying to simultaneously solve several problems, geometrically explodes the degree of difficulty.  In which case, you usually end up with nothing - no change - or with a 2,200 page piece of legislative detritus which is worse than nothing !!  Comprendez?

Here's my list of the "Top 10" bits of detritus from the last few days...

Blog "Concerns" 
("Complicating Detritus")

1.    A 1973 VA loan.
2.   Ben The Magnificent and Rube Goldberg.
3.   Duke Street Mafia.
4.   Europe.
5.   Granite counter tops.
6.   Grasshoppers, ants, and Aesop.
7.   Greed, guilt, and self-deception.
8.   The New Morality.
9.   Corporate MBS Kool-Aid.
10. Dennis Moriarity !!!! ( *Just for those who may miss the point, Dennis is my favorite poster - wickedly insightful ! !) 

(All y'all be leaning just one way - CRAZY !!!)

Now come on steady, steady.... stay focused... 

Here is the one reform idea:

"Fan/Fred may only guarantee, purchase, or securitize financial assets with an indexed APR which resets at least once every 5 years."

(Alright proceed to tear it to pieces !!)