I hope next time, Congress regulates really well.
(sarcasm)
“I hope next time, Congress regulates really well.”
If an enterprise is NOT in the private sector (Fannie Mae & Freddie Mac are quasi-governmental) and is backed up with taxpayers dollars, I damn sure hope it will be overseen and regulated.
To not do so, or to bail out companies like GM is an invitation to fraud and theft on a massive scale.
I don’t believe it was the bursting of the housing bubble that will do us in...I think it’s the bailout that’s going to kill us.