Sep

18

By her appointment all I see is the creation of more government.  A very bad thing.


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5 Comments so far

  1. Anonymous on September 18, 2010 5:32 pm

    I feel safer already. I hope she does everything in her power to crack down on those no money down predatory loans that are still being offered. Like any good program they provide both the protection and the cause requiring the protection all in one neat package.

  2. Curmudgeon 4561 on September 18, 2010 5:53 pm

    Seeing how large numbers of Americans signed up for "innovative" mortgages that they didn't understand and couldn't keep up with, I would argue that improved financial education of citizens is a high priority. Realistically that is not going to come from the private sector (ever) or the non-profit sector (at least in the short run), so regrettably that leaves government.

    When I read the "explanations" put out by the now defunct sub-prime specialty lenders (some of which explanations can still be found on the web) of how option ARMs work, and see how misleading and one-sided they are, I cannot agree with Mr. Anonymous that the culprit behind the whole thing is the government. I blame the govt regulation on the real culprits, the lenders and the dumb public.

  3. duncan on September 19, 2010 10:35 am

    It is duncan, and I will stand behind the working premise that you don’t have to scratch too far beneath the surface to find a government based source for “crisis”. In this case the ginnies, fannies and freddies were and are the enablers. Of course well intentioned as it always is. Though not a conspiratist, governments do love a crisis as gives them license to do any and all. This admin has the record since LBJ for most laws, rules, regulations. We are not going to regulate our way to prosperity.

  4. Kermit Johnson on September 19, 2010 11:42 am

    Yes, let’s get government out of everything. After all, why should anyone who was not born with as much intelligence as I was (in economic matters) have any protection against my schemes to trick them out of as much of their money as possible.

    The problem I see is that we have greed on one side and incompetence on the other side.

  5. Dan T. Vol on September 22, 2010 12:15 am

    By the arrival of your two sentences in my RSS, I see a lack of depth. A very bad thing.

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