[cr]

You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

The Gov’t should stay out most of the time, but there are exceptions.

Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

[cr]

You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

The Gov’t should stay out most of the time, but there are exceptions.

Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

[cr]

You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

The Gov’t should stay out most of the time, but there are exceptions.

Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

[cr]

You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

The Gov’t should stay out most of the time, but there are exceptions.

Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

[cr]

You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

The Gov’t should stay out most of the time, but there are exceptions.

Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

[cr]

[quote=HLS]People don’t understand what it means to qualify.[/quote]

Hey, I can fog a mirror. Give me a loan… I have to prove what?

[quote=Operation]Ever heard of the Hoot Smalley act? Punitive tariffs imposed by the Government to protect American Industries. It did the opposite and destroyed American manufacturing and exports as other countries raised their tariffs on American exports.

A prolonged trade war with Europe hurt us bad. [/quote]

And guess what else is on congress’ list of “stimulus” measures…

Congress should have to take a test on American history before taking office.

[cr]

[quote=HLS]People don’t understand what it means to qualify.[/quote]

Hey, I can fog a mirror. Give me a loan… I have to prove what?

[quote=Operation]Ever heard of the Hoot Smalley act? Punitive tariffs imposed by the Government to protect American Industries. It did the opposite and destroyed American manufacturing and exports as other countries raised their tariffs on American exports.

A prolonged trade war with Europe hurt us bad. [/quote]

And guess what else is on congress’ list of “stimulus” measures…

Congress should have to take a test on American history before taking office.

[cr]

[quote=HLS]People don’t understand what it means to qualify.[/quote]

Hey, I can fog a mirror. Give me a loan… I have to prove what?

[quote=Operation]Ever heard of the Hoot Smalley act? Punitive tariffs imposed by the Government to protect American Industries. It did the opposite and destroyed American manufacturing and exports as other countries raised their tariffs on American exports.

A prolonged trade war with Europe hurt us bad. [/quote]

And guess what else is on congress’ list of “stimulus” measures…

Congress should have to take a test on American history before taking office.

[cr]

[quote=HLS]People don’t understand what it means to qualify.[/quote]

Hey, I can fog a mirror. Give me a loan… I have to prove what?

[quote=Operation]Ever heard of the Hoot Smalley act? Punitive tariffs imposed by the Government to protect American Industries. It did the opposite and destroyed American manufacturing and exports as other countries raised their tariffs on American exports.

A prolonged trade war with Europe hurt us bad. [/quote]

And guess what else is on congress’ list of “stimulus” measures…

Congress should have to take a test on American history before taking office.

[cr]

[quote=HLS]People don’t understand what it means to qualify.[/quote]

Hey, I can fog a mirror. Give me a loan… I have to prove what?

[quote=Operation]Ever heard of the Hoot Smalley act? Punitive tariffs imposed by the Government to protect American Industries. It did the opposite and destroyed American manufacturing and exports as other countries raised their tariffs on American exports.

A prolonged trade war with Europe hurt us bad. [/quote]

And guess what else is on congress’ list of “stimulus” measures…

Congress should have to take a test on American history before taking office.

[cr]

I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.

[cr]

I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.

[cr]

I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.

[cr]

I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.

[cr]

I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.

[Author]

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