Posted from 911blogger.com blogs 67 days ago
If the Government should have any hand in the control of the Home Mortgage business they should simply control:
A. The types of loans allowed by banks.
B. The maximum interest rate allowed.
C. The qualifications for those loans.
This is the control that they should have maintained from the beginning. Now they have allowed bad business to lead us into this compromised position. They know exactly how these things happen and should have done something to curb this situation. That is unless this was all engineered. I think we know the answer to that question.
I am here to ask for your suggestions...
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