Posted on 08/23/2009 8:08:15 AM PDT by DavidFarrar
That doesn’t not happen all that often. Goobers in gooberment agencies are too expensive an insurance policy for any mind except Obama’s. One does have to ask how the Marxist hypothesis can survive amidst the plenty which America has produced.
An informed electorate does not have to play any game it does not wish to join.
Here, a man & wife can elect to live in other than a grossly metastasized, urban Big Sh*tty with the costs and moral/ethical challenges to child rearing.
When they do not wish to have their children warped by the publik skool mentality, they have other options. Etc., etc., etc..
Monopoly is usually the bastard offspring of government restriction into the market and short term greed of those in that market.
Alas, we are far from under supplied with either goobers or government.
Anytime the government gets involved in ANYTHING, matters get worse, not better.
Needs repeating.
If Hitler left this tidbit out of Mein Kampf it was merely an oversight.
This statement is pure fascism.
Competition gives profit all the “control” a free society should wish to place on it.
Newt is an idiot. So are you.
Its a cookbook!
No, the buyers should be held accountable; I agree. I do not agree that government owes them anything. To this day I don’t understand why the government got involved in restructuring their owns.
ex animo
davidfarrar
Horse sh!t. The recent crisis was a direct result of governmental interference with normal functioning of the mortgage loan market. If there were no such thing as Fanny and Freddie, this never would have happened. People would have saved up 20% down as they always had to before, and there would have been no bubble in prices.
The Glass-Steagall Act was mostly repealed by the Gramm-Leach-Bliley Act in 1999, which passed with large bipartisan majorities, and was signed by Democratic President Bill Clinton.
Requests for better regulation of Fanny and Freddy were made by (among others) George W. Bush and John McCain on repeated occasions between 2002 and 2007. All were thwarted by Barney Frank, Chris Dodd, and the other Democrats who were happy to gamble your tax money and mine on a perpetually rising housing market.
You really don't have a clue what you're talking about, do you?
It did no such thing.
When the U.S. government, in the form of Fannie Mae and Freddie Mac, "encourages" (read "intimidates") mortgagers into making sub-prime loans for "affordable housing", then removes them from any liability by offering to buy the resultant mortgage -- regardless of risk -- what the hell do you think is going to happen?
Fannie Mae and Freddie Mac created the housing bubble. And they caused the housing crash -- which took the rest of the economy down with it. And nobody is to blame other than the federal government, the 'Rats who ran Fannie Mae and Freddie Mac, plus the 'Rats in Congress who enabled them.
Unrestrained government is a much bigger threat than "unrestrained capitalism".
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