http://libertyslifeline.com/2009/11/18/good-government-bad-government/ Liberty in America Tue, 09 Mar 2010 21:06:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://libertyslifeline.com/2009/11/18/good-government-bad-government/comment-page-1/#comment-3531 Bill_OConnel Mon, 01 Feb 2010 01:23:47 +0000 http://libertyslifeline.com/?p=1095#comment-3531 I think the best reform for the government would be to get out of the way. Much of this crisis was caused by the government forcing banks, through threats of racism and interference with any growth plans, unless they lent money to people who, under normal credit criteria, could not get a loan. This worked as long as housing prices kept climbing and their equity grew with the house price. But the law of leverage says that it magnifies your gains as prices rise, but it also magnifies your losses when prices fall. When was the last time you heard President Obama blame Fannie Mae and Freddi Mac, HUD, and the Community Reinvestment Act? It's a year into his term and he's still blaming Bush. When does he take responsibility? I think the best reform for the government would be to get out of the way. Much of this crisis was caused by the government forcing banks, through threats of racism and interference with any growth plans, unless they lent money to people who, under normal credit criteria, could not get a loan. This worked as long as housing prices kept climbing and their equity grew with the house price. But the law of leverage says that it magnifies your gains as prices rise, but it also magnifies your losses when prices fall. When was the last time you heard President Obama blame Fannie Mae and Freddi Mac, HUD, and the Community Reinvestment Act? It's a year into his term and he's still blaming Bush. When does he take responsibility?

]]> http://libertyslifeline.com/2009/11/18/good-government-bad-government/comment-page-1/#comment-3489 Mortgage Expert Thu, 28 Jan 2010 09:03:28 +0000 http://libertyslifeline.com/?p=1095#comment-3489 What this government needs - and I have said this for a while - Is a complete reform, everything is flawed. How much control does the government have over the crisis? A bank fails and the government bails them out. Then the government tries to ease the strain on the public by cutting interest rates and the bank decides to not pass them on or if they do they do it to "selected" mortgages/loans yet I bet nearly every savings account felt the interest rate cut. Is it me or is no one taking the government seriously? What this government needs – and I have said this for a while – Is a complete reform, everything is flawed. How much control does the government have over the crisis? A bank fails and the government bails them out. Then the government tries to ease the strain on the public by cutting interest rates and the bank decides to not pass them on or if they do they do it to "selected" mortgages/loans yet I bet nearly every savings account felt the interest rate cut. Is it me or is no one taking the government seriously?

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