“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)
I can only hope.
If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.
I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.
But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.
