By the way.....They have been back at it over the past couple years trying to repair the broken housing markets.
They will do it again, you can be sure of it.
Because they never really fixed the problem.
However the ratings agencies will not fall for it again. I heard some talk about the government taking over the ratings job because of the now lower ratings. They would raise it back up to AAAA....LOL
Now won’t that be peachy.
That is the best game plan congress has working for themselves. The intent of congress is not to fix problems but instead create more problems. Creates perpetual employment for themselves. The cure/cause and effects of the cure/cause are never studied in any legislation written by congress and if that is not true then one has to wonder are problems written into legislation to continue the perpetual employment for themselves. A problem fixed does not have to be revisited to be re-fixed. Men and Women are flawed. Any legislation written is flawed. But with congress the fix for perpetual employment is to not fix any problem but instead make certain the problem becomes worse. Sorry to rant but these congresscritters always want us to believe they have the answers when actually nobody has the answers, instead everybody has the baseline mind only to create more problems unless legislation is slow and studied and then restudied but congress always moves too quick to understand and read what they have written and then never allows time to comprehend the effects of their written legislation.