TStrumps last blog post..Jargon and Platitudes

Now, I disagree with your statement. Our Governement encouraouraged a situation that would not otherwise have existed if regulation was in place. President Bush sent a letter to congress in an attempt to stop what was about to happen and to regulate the banks, yet congress basically laughed at him. Our Government is as responsible as the banks are for pushing the papers as well as the people who were ignorant enough to what they were signing.

Tell me, when you go from one persons web site to another and decide you want to post a comment to someone elses web site but to do so you must click a box that says you agree to the terms of the agreement to continue, a.) do you just click on the box, or b) do you take the time to read the agreement before you post your comment? No need to answer because I know what most people do. The point I’m trying to make is people do get caught up in the moment and can’t believe they can finally buy a house and sign just because. Is that bright? Absolutly not and every lawyer will lecture you for doing so, but the people pushing those papers knew better, and most importantly our politicians (most happen to be lawyers) knew better and they are just as responsible.

My husband and I work in the housing industry and on several occassions questioned what fall out this was going to create. Never did we hypothisize it would almost ruin our business and everyone we know in this business. When I read that SafeHaven report and realized the extent our Governement had, there was no doubt in my mind and no one can change my mind, our Governemnt had the were with all to stop what happen and did absolutley nothing to stop it, nothing. If you read that article, you would not have said “while they might be a villain, they’re not the only one (or even the worst in this case).” I blame them first and foremost, I than blame the banks for it’s manipulation and then the people who wanted so desperatly for a slice of the American pie thay they thought they could finally have.

My contention is, if the Governement did not advocate the need to get lower income peole in their own homes, and if they put the proper regulation in place before hand, we as Americans would not be sitting here today stressing over money and businesses lost because of what happened.

Gail Devine
mddesignhomes.com

My husband recently blogged on our website mddesignhomes.com “The American Dream”; how our dreams were changed by banks & investors. It’s worth the time to read as so many people have lost sight on not only what that dream is, but how the banks & investors speculating in the housing market has hurt those folks that saved for a piece of the American dream only to see it out of arms reach now.

Honestly I think our Government needs to step outside the forest to see through the trees, if you will… President Obama wrote a letter to Fannie and Freddie back in 2003 (not sure but I believe that’s the year) advocating the need to help lower income families get a piece of this dream that they could not afford.

Then I read this article http://www.safehaven.com/article-12386.htm from Safehaven’s website which if any American read should be outraged by it. Bottom line, it was our Government that helped instigate this mess we’re in and we should be upset with our Government for playing a part in it (I’m not excusing the banks by any means).

Now we Americans are going to have to pony up the money for mistakes a lot of us had no part of. In fact most our jobs in this industry have virtually dried up, the banks took part of the TARP money but refuse to lend it out. If anybody has not yet said it, what’s up with that? That was to loosen up credit to build confidence so people would take out loans for building.

Don’t get me wrong I truly pray our Government is doing the right thing, but they should have done it pro-actively and not re-actively. I have yet to see proof that they are stimulating a market that represents 1/5th of the GDP. If I’m wrong show me, please.

Gail
Mddesignhomes.com