08
May
08

More Government Intervention

I have ranted and raved about this in the past. The so-called mortgage crisis is the result of too many non-qualified buyers taking out loans they couldn’t afford from people who should have never loaned them money in the first place. Owning a home, aside from being a pain the ass, is the “American Dream”, not a guarantee. What’s the only thing that could make it worse? Yep, Congress deciding to bail it out. And if the House gets its way, the Federal government will take over backing and re-financing over $300 BILLION in loans that should have never been made. Bush says he will veto. One can only hope…

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