Originally written as a comment, this diary refers to two other diaries I wrote on the subject.
Our Entire Economy IS NOT in Danger
Cancel all Mortgages
Critics have asked me to stop writing about this, saying they are "embarrassed" seeing such writing on Dailykos. Yet, they will not debate me on the issue. They raise objections, and I answer the objections, and then they quit.
The people who like the ideas I present are very supportive, however. So, I won't stop writing about it. I'm simply writing commentary now, but that doesn't mean I can't scoop up links and back up what I have to say. IMO, though, that's not really necessary, since the points I'm making are so bleeding obvious for anyone with even a rudimentary understanding of the subject.
So, over the jump, a commentary on "The Magical Thinking of Fractional Lending"