Another government agency... :o)
> “We can help fix the broken credit market. And I can sum it up in four words: Consumer Financial Protection Agency,”<
Nope. The 4 words that come to mind is “Obama’s Stimulus Didn’t Work”. Another 4 words is ‘This is Obama’s fault”.
The bottomline is that citizens are too stupid to handle money. Money should be kept away from all citizens. The government ought to handle all financial transactions for us [/s]
KNOCK OFF ALL THE CRAP ABOUT RAISING TAXES!!! THAT WOULD TAKE CARE OF IT!!! We don't need a loan if we have the damn CASH!!! Idiots!
GOVERNEMNT Policy....TAKE IT, BREAK IT, SCREW IT UP AGAIN....AND CHARGE YOU to do it!!!
Get rid of the fed before they get rid of America.
Oh to heck with all this “not being able to afford their mortgages” nonsense.
A lot of people could afford their mortgages until gas went to $4 a gallon. And people started getting laid off.
I blame it on oil speculators and durn yankee bankers who loaned money out like drunks on a binge.
parsy, who notes that it usually cost more to rent than own.
“to set up a new government agency”
Wouldn’t it be simpler to set up another “Czar”, or Commissar of Banks? Of course, we don’t know how much a Czar costs.
Stop trying to advance credit to people with bad credit. That should solve everything.
I’d rather have a banking agency preventing alerting us to the tricks and traps of the worthless commies in DC.
This is what happens when we put ‘compassionate’ people into the federal government. Hopefully, we will get some cold hearted people in there soon.
Start by investigating TARP and the bailouts. Bring back Glass-STeagal and I'll believe this is not just another power grab.
Anyone living on credit should be burned for everything they have.
Chances are those people don't have anything that doesn't have a lien on it. I was raised that if I couldn't pay for it I didn't need it and have lived by those rules all my 72 years and they have served me very well. I've never borrowed to buy anything including my airplane and my condo except my first home that I saved a 20% down for and paid it off over 25 years ago.