Thread: Another BIG government failure...
View Single Post
  #26  
Old 07-15-2008, 09:03 PM
MS Fowler's Avatar
MS Fowler MS Fowler is offline
Registered User
  
Join Date: Jan 2003
Location: Littlestown PA ( 6 miles south of Gettysburg)
Posts: 2,277
Capitalism is the essence of tough love.
Private companies make loans based on certain criteria. People complain to the government that they cannot qualify for said loan. Uncle steps in and makes the loans available. People default on the loans becasue they couldn't pay.
Government interference in free markets really helps!

Companies who make bad loans deserve to fail. Someone will buy up the contracts; life will go on.
__________________
1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags
Reply With Quote