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Fed to be financial overlord?
Wow, now everything can get slower and more expensive...
http://www.foxnews.com/story/0,2933,343061,00.html
http://money.cnn.com/2008/03/28/news...ex.htm?cnn=yes
IMO all this would do is fully replace all medium to small lenders with huge corporate lenders that could handle all the overhead of the mortgage industry and federal regulation. The "George Baileys" of the world would sink and go out of business as they couldn't maintain competing rates with all the overhead.
So, thanks to big conglomerates not doing their job correctly..the small guy gets shutdown...wonderful. Good call liberals who cried for "government help".
I guess that is the way it is..to quote "Tommy Boy":
"...sure the kids cry when you tie an old tiger to a tree and beat it in the head with a shovel. But that is survival, and if I can make a few bucks by being the @sshole, so be it."
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An unwavering defender of those I see worth protecting.
"promote the general welfare, not provide the general welfare"
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Last edited by Wagner; 03-29-2008 at 07:26 AM.
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03-29-2008, 07:15 AM
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