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Yeah, while teaching our citizens a lot of bad investment practices. I don't think the gov't should be allowed to do anything with the mortgage industry. If you dig around you'll find the mortgage companies were hiring retired congressmen and senators to lobby for them and not let rules be inducted on mortgage practices and allow prices to be overstated for loans. If your wondering were all that money has gone, it is in the pockets of a bunch of politicians and it looks like their circling the wagons to try and pick up some more.
Jul 21 11:27 am
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All Comments by tommytwotimes »Foreclosure Contagion [View article]
If they were the ones who got us in this mess, why are we letting them try to get us out? The gov't is notoriously inefficient at managing money. Home prices are falling either way. Why do we need to pay for a bill that will end up with the same result and at the same time let washington get there hands on our money again. And for all those poor people who will loose their home: GO RENT AN APARTMENT AND START SAVING, YOUR BASICALLY RENTING THE HOUSE YOU LIVE IN FOR DOUBLE ANYWAY!