http://housingstory.net/2009/07/02/burn-the-skunk-plan-orange-immolates-mortgage-crisis/ Sat, 31 Jul 2010 14:10:56 +0000 hourly 1 http://wordpress.com/ http://housingstory.net/2009/07/02/burn-the-skunk-plan-orange-immolates-mortgage-crisis/#comment-1422 Michael David White Mon, 10 May 2010 03:22:16 +0000 http://thenewmortgagecompany.wordpress.com/?p=18#comment-1422 Hi Wade, the premise behind plan orange which says debt must be systematically destroyed following a credit bubble is correct. the premise which says it should be paid for with government money i think now is incorrect. debt destruction should be paid for by the owners of the debt. i wholly agree with you about all of the valuable lessons which we can learn from the failure and diminished material wealth we are now experiencing. thanks very much for your comment. mdw Hi Wade, the premise behind plan orange which says debt must be systematically destroyed following a credit bubble is correct. the premise which says it should be paid for with government money i think now is incorrect. debt destruction should be paid for by the owners of the debt. i wholly agree with you about all of the valuable lessons which we can learn from the failure and diminished material wealth we are now experiencing. thanks very much for your comment. mdw

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