Man, ignore a thread because I hate the political ones and I miss all the excitement. Politicians didn’t cause this, capitalism didn’t cause it. Bubbles happen in other countries all the time, in places where the political or economic ideology is completely different from our own. C’mon it’s easy to see, ying/yang, pendulums have been a swinging before there was a USA or the english language or capatilism or democrats or republicans. And in case you were curious they will come again because greed has always been around.
Just to stir up what I attempted to calm, cause that’s how I roll, here’s my take on the current political posturing. Whoever the Democrats pick to run will win if no soloution is found to the foreclosure problem before election time. It is in their best interest to have more foreclosure stories so they can blame the last guy and promise to fix it. If it somehow gets fixed tomorrow and every janitor can buy a house with $5 and make 5 million ( exaggerated for effect but something along those lines and the return of zero down and 2/28’s) then whoever the Republicans pick will win because who wants to end the party. None of them caused it and none of them can fix it but the important thing is, who can capatalize on it and what are they motivated to do right now.
I haven’t decided who to vote for but if any of them say that they support legislation to require qualification at a fully amortized rate to prevent this from happening again then my vote will be bought because some people need protection from themselves. Of course if one of them comes out in favor of legalizing brothels and requiring HMO’s to pay for it then I will really be in a quandry. I hate elction time, if I want someone to lie to me i’ll ask my kids who ate the last of the golden spoon frozen yogurt.
