It is tricky, being that deregulating that aspect is a major cause, but there are also other major causes. Like the people who let this absurd process actually happen. What the fuck was there thought process. Then those jackasses that actually ran shit into the ground and so on. Policy alone won’t do anything until “people” actually act on it. To be even clearer, , bad greed does play a part, I just can’t stand how important people in the upper levels of government actually use that excuse rather than find balanced solutions. Why did it happen? How did it happen? How can we fix it without making things worse? How can we promote a better free market that is fair? Where checks and balances in place? Can we make them better? Also, the housing shit was only one aspect of this entire economic mess.
It just seems like policy makers look for a quick answer and move the fuck on or have some fucked up hidden agenda. It also seems like no one checks these guys that regulate/deregulate this shit.
persoal responsibility. buy products you want. dont buy things that are addictive or dangerous. i can help you if you dnt know what is dangerous or addictive. if you buy something that is dangerous and you were told by the company that it was safe. you can sue for fraud under existing laws. let me know if you still need help and remain scared of freedom.
greed and moral meltdown are human nature constants. public policy is to blame. unless you can change people and make them not greedy. the problem was that the government took sides when it shouldnt and enacted policy to encourage home ownership, skewing the market. this is of course is stupid, and also of course completely unfair to renters like me. if people can afford houses, so be it. if they cannot, so be it. let the market work. home ownership is not something the government should encourage any more than they should encourage ipad owership. leave the market alone. the government created a situation where people vastly overreached to buy homes.
You are asking for more regulation then. It was too little regulation that led to the unbridled greed of the investment bankers. That is all fine regarding the housing bubble. It is irrelevant to the Wall Street banking greed, the derivatives, the unsecured loans, the bailout.
Why does this greed bother you? None of that is for you to worry about except the bailout. The housing bubble was a chance for you to profit on inflated house values. If you missed your chance or bought more house than you can afford, too bad. The bailout was not the markets fault, it was the government. They are just encouraging more and more irresponsibility.
Karl Rove: President Bush Tried to Rein In Fan and Fred - WSJ.com Real Estate » More ... of this, the Bush administration warned ... But Mr. Dodd wasn't the only Democrat to heap abuse on the Bush reforms. Rep. Barney Frank of ... online.wsj.com/article/SB123137220550562585.html. Starting in2001 Bush tried to warn congress about Fannie Freddy getting to large. Franks and Dodd were against the bush reform. But in 2008 they decided it was a good idea to vote for it. Of course by then it was to little to late.
It's an ethical thing, you wouldn't understand. It is not for you to tell others what to worry about. Worry about your own concerns. I am debt-free and have acquired profitable real estate in the last decade that has made me richer. I know you don't understand, but not everyone is as ego-centric and selfish as you. This is not about me personally. I have concerns about the best interests of the nation, in which the greed of some leads to the economic collapse of the national economy and the detriment of We The People.
