Tuesday, October 20, 2009

Government Is Repeating What Caused The Mortgage Crisis!

Do you know what the definition of insanity is? Doing the same thing over and over again and expecting different results. But that's exactly what the Government is doing. you may not realize it, but the Government is the reason why the whole mortgage mess occurred in the first place by giving low income families loans with little or no money down and forcing banks and Fannie Mae and Freddie Mac to give out these loans (please watch the last half of the video that I posted entitled "Directed Distraction About AIG and Barney Frank"). And now guess what? The Government is going to continue these low cost loans with as little as a 3.5% down payment! This will be the beginning of a new "bubble" caused by the Government that will again blowup once again. Stupid!! Here's a good editorial explaining what the FHA is now doing which is a repeat of the past Government policy that caused the first mortgage crisis. Can you now start to see how the Government can't do anything right and just causes more problems than they solve? But they always do it with "the best intentions" never realizing all of the unintended consequences. FOOLS!!

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