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Old 01-22-2008, 07:53 PM
t walgamuth's Avatar
t walgamuth t walgamuth is online now
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Join Date: Apr 2005
Location: Lafayette Indiana
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Quote:
Originally Posted by Botnst View Post
If Congress & the president ("gov" hereafter) could only refrain from meddling we'd all be better off. They caused the freaking real estate mess by making below-market loans. There's a reason nobody would loan money below market rates and with no collateral -- real businesses don't like to risk their own real money. So the gov says, "We must help everybody to have a house". Well guess what, cupcake, some people can't afford a house and/or have demonstrated an inability to manage debt properly. So the gov gives them money. Great freaking idea.

Let the market run the market. let the gov do what it is supposed to do: maintain the country's defense, regulate trade and provide for the general welfare. And leave me the f**k alone and for goodness sakes, don't give money to special interest groups.
I fail to understand how the "congress and the president" caused the subprime crash.

Unless you are talking about the de regulation of the lending industry and the massive cutting of expenditures for enforcment of federal banking guidelines.

Tom W
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.
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