Another BIG government failure... - PeachParts Mercedes-Benz Forum

MS Fowler · #1 07-15-2008, 06:05 AM

Fannie Mae, Freddy Mac, need I say more?

Liberals wish to be judged by their intentions.
Look instead at the actual results of big-government liberalism.
Government intrustion into the realm of capitalism results in failure and misery.

Medmech · #2 07-15-2008, 06:14 AM

http://www.themortgagereports.com/2008/07/homeowners-and.html#more

a must read.

LUVMBDiesels · #3 07-15-2008, 07:35 AM

Quote:

Originally Posted by Howitzer

http://www.themortgagereports.com/2008/07/homeowners-and.html#more

a must read.

Excellent article.

Honus · #4 07-15-2008, 09:45 AM

Quote:

Originally Posted by MS Fowler

Fannie Mae, Freddy Mac, need I say more?...

They haven't failed, yet. And I believe that they have done a lot of good for many homeowners.

Quote:

...Liberals wish to be judged by their intentions.
Look instead at the actual results of big-government liberalism.
Government intrustion into the realm of capitalism results in failure and misery.

Is the problem with Fannie Mae and Freddie Mac too much government? Or too little regulation? If the government had been paying more attention to the mortgage situation might some of the current problems been avoided?

Capitalism doesn't exist without government. Without government we don't have contracts, patents, corporate structures, infrastructure, or a bunch of other things that capitalism needs.

veggihatetank · #5 07-15-2008, 09:51 AM

Im sure we'll be getting the bill in the form of higher taxes when its all over.I'd like to know who's bright idea it was to change the policy and give home loans to people that couldnt afford it in the first place.

Botnst · #6 07-15-2008, 11:23 AM

Bureaucracy's answer to any problem is an increase in regulation and an increase in the bureaucracy and an increase in budget.

B

Honus · #7 07-15-2008, 11:27 AM

Quote:

Originally Posted by Botnst

Bureaucracy's answer to any problem is an increase in regulation...

Is that always a bad thing? I don't think so.

Botnst · #8 07-15-2008, 11:37 AM

Quote:

Originally Posted by dculkin

Is that always a bad thing? I don't think so.

Didn't indicate goodness or badness, just the general rule.

Additionally, it is nearly axiomatic that increasing government size and power decreases liberty.

In combination, those 2 observations argue for caution in regards to feeding the monster in order to make it obedient and responsive, lest the cure be worse than the disease.

B

MS Fowler · #9 07-15-2008, 01:37 PM

Quote:

Originally Posted by dculkin

Is that always a bad thing? I don't think so.

Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.

DieselAddict · #10 07-15-2008, 01:46 PM

Quote:

Originally Posted by MS Fowler

Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.

So you're saying for example that instead of trying to regulate the amount of lead in kid's toys, we should just let the manufacturers and importers do whatever the hell they want. Brilliant.

Honus · #11 07-15-2008, 02:11 PM

Quote:

Originally Posted by MS Fowler

Increases in regulations or increases in bureacacy all contribute to increased costs born by taxpayers/ consumers which lowers everyone's standard of living.

By that logic, we should eliminate all regulations and bureaucracies.

MS Fowler · #12 07-15-2008, 04:31 PM

Would you have felt better had I used the word "both" instead of "all" in that sentence?

DieselAddict · #13 07-15-2008, 04:42 PM

Quote:

Originally Posted by MS Fowler

Would you have felt better had I used the word "both" instead of "all" in that sentence?

Wouldn't have made a difference. What you said definitely sounds like all regulation is bad because it lowers our standard of living. If that's not what you meant you need to learn to express yourself better.

Honus · #14 07-15-2008, 04:57 PM

Quote:

Originally Posted by MS Fowler

Would you have felt better had I used the word "both" instead of "all" in that sentence?

Not really. It would still imply that regulation and bureaucracy always lower the standard of living, which is clearly incorrect, IMHO.

Medmech · #15 07-15-2008, 05:15 PM

Does anyone think that its not wise to have 2 companies holding 1/2 of the RE mortgages that amounts to 1/2 of our yearly GDP? Does the old saying don't keep all your eggs in one basket mean anything? Warren Buffett say that company's get too big to run. Does anyone remember the golden parachute Freddie Mac gave to the last CEO that bungled the books?