I don’t know about you, but I am very tired of sacrificing the consumer and the country for the almighty vote (me & you). We are slowly becoming from the land of opportunity to the land of entitlement (our ancestors should be turning over in their grave). The problem is we are being forced into socialism by the few corrupt (including our political system-we need a 3rd party) not the majority (again-reactionary from congress). Congress fix: more regulations to regulate the regulators? Our political systems are trying to put the blame on Wall Street! Nonsense. Not fixing the problem from the core, we are operating on regulations from the 1930’s. As an example: What happened to the SEC/ NASD (now FINRA)? Department of Banking and Insurance? Sleeping? Or paying themselves big dollars for bad performance? Stop rewarding bad behavior. Let’s talk about real issues as they call it on “Main Street”.The bailouts of the banking system· First Freddie & Fannie. The purpose of Freddie and Fannie is to insure A rated mortgages; the role of the government is to insure “loses” at Freddie and Fannie-not the whole company. Freddie and Fannie do not service loans; they sell them-thus another bank… Read full this story
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