drew303

Thoughts on the Housing Bill

I can only hope that the powers that be learn from their greedy ways. Its common knowledge that if you give the people a tool they will use it, and in ways you may not have intended they use it. And if that tool is of inferior quality eventually it is going to break!
I have been hearing people on wall street complain a lot more lately and blame the "home owner" for the problems we are facing. The truth is, that wall street got too greedy and put their own interests before the "fiduciary" responsibilities of their clients and they did so on such a grandiose level that they managed to effect the entire worlds economy.
There are many parties to blame in this blunder, yes including the homeowners who bought the dream of financial security and affordable home ownership, and the loan officers who helped sell it, and the weak politicians for not properly supervising you. But living in a capitalistic highly self regulated society we must point the finger where it belongs, not at the dealers or users, but at the ones who make the products and push it on the street with greater marketing spin than any corner drug pusher could ever dream. People look to their leaders to lead, and trust that they have put enough thought into their leadership that they wont get blindsided.