33Nick

Time for Greater Oversight of Mortgage Lenders? Duh!

Well, aren't you hard on our poor overworked politician friends out there in their stratospheres trying to contain problems they were unaware of that we fully knew of years ago.

The real problem is maintaining a certain level of relevance. So what better ways to do this then by creating the problems, let them mature without acting in time (that is consumer higher benefit time), and right before the fall, fly in to the rescue and be hailed at the saviors... Only one of these days, those types of plans won't work and the financial system collapses.

Great post.