> Scott wrote: > > Exactly...a 'reasonable' investment. But people who bought houses with > interest only loans so they could afford the $450,000 home on $30,000 a year > is not what I would call reasonable. >
That's true, but government is supposed to set up to protect the weak via equality of opportunity. Now granted there has to be a mix between a nannie-state and anarchy, but come on - this problem was created by a bunch of self-interested agents who's action as a whole led to the collapse of our economy. That's EXACTLY why we hire government: to protect our national security including economic. The loans in question were made possible because the government allowed them, which in turn made ever more crazy bets allowable, which in turn melted down the economy. In other words, why did banks lend non-creditworthy people the money in the first place and why did government allow them to do it? I mean when a dude robs your house, yeah he's failed in his personal responsibility, but that's why we have government: to send the police. When your house starts on fire because it got hit by lightening, you've failed in your responsibility to protect your home (no lightening rods) and now you can't even put it our yourself so you've failed at fire extinguishing. But that's why we have government. In the case of financial services, our government failed to do what we hired them too. It's as if the firemen were too drunk to come put out the fire. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289288 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
