Responsible govt oversight eh… Like maybe with the Madoff case?

You mean that same govt that gets lobbied by all of these same firms that got bailed out?

Yeah that system works really well.

Like CAR has said all along, simply make people put large downpayments down, perhaps 30% or more and you would be amazed how many problems would go away. Additionally you would be amazed at the affordability factor.

What would be really nice though is all of that beauracracy would be wiped out.

I think more govt officials would be sad that they would have nothing to regulate and thus be out of jobs. The govt wouldn’t have to watch out for people because that 30% would immediately filter out those who should not buy anyway.

Unfortunately that solution is to simple, makes to much sense and would eliminate plenty of govt jobs so it is unpalatable.