The financial industry is driven by profits. They created ridiculous products that have blown up the economy.
The politicians are driven by getting re-elected. They never make tough decisions. Their decisions always have their re-election in mind. They made it super easy for the banks to do VERY stupid things. They could have prevented this whole mess.
They both suck and suck bad. We need some people that are not driven by profits or re-election to make some very hard choices. Those choices will be painful to many but it will speed up the process of the banking industry and housing market. Right now the govt. is trying to put a band-aid on gang green legs. Cut the damn legs off already so we can move forward.
There is no getting out of this housing situation and bank meltdown without experiencing SERIOUS pain. The government is coming up with 1 stupid idea after the other in an attempt to make all the problems just magically go away. That ain’t happening.
