It took long enough... and then, amounts to more control and government interference, but will it solve the problem?
http://news.yahoo.com/s/ap/20071216/ap_ ... age_crisis
Appraisers' Free Forum
Dedicated to open communications among professional real property appraisers.
| Welcome | |
|---|---|
| Welcome to Appraisers' Free Forum You are currently viewing our boards as a guest, which gives you limited access to view most discussions and access our other features. By joining our free community, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, and access many other special features. Registration is fast, simple, and absolutely free, so please, <a href="/profile.php?mode=register">join our community today</a>! |
|
Fed comes up with a solution... yeah, right
3 posts • Page 1 of 1
Fed comes up with a solution... yeah, right
by Steve Owen on Sun Dec 16, 2007 12:09 pm
...Well, there's only two things in life, but I forget what they are.... - John Hiatt
-
Steve Owen - Certified General
- Posts: 4552
- Joined: Tue Aug 14, 2007 12:26 pm
- Location: Joplin, Missouri
by Edd Gillespie on Sun Dec 16, 2007 1:00 pm
I, as you may have guessed, think it is just what the doctor ordered. And I am so glad that the lenders are being recognized for what they are. Being stewards of the public trust is far far from their hearts guys. This stuff may not totally work and may not get totally passed, but the FED could do it slam dunk, if they will.
Politics is politics and they ain't going away any time soon despite the best efforts of libertarian politcs. In the mean time we need some corrections.
Politics is politics and they ain't going away any time soon despite the best efforts of libertarian politcs. In the mean time we need some corrections.
Edd “In the real estate economy, there are no guarantees that reason will prevail in a market where emotions run high and the amount of misinformation runs deep.” Jonathan Miller in The Matrix. So what’s an appraiser to do?
- Edd Gillespie
- Certified General
- Posts: 2565
- Joined: Mon Aug 13, 2007 7:23 pm
by Steve Owen on Wed Dec 19, 2007 12:00 pm
Here's the point...
They literally created the crisis to start with by interfering with markets, partly by giving consumers a false sense of security, and largely by keeping rates artificially low and tax breaks for mortgage borrowing in place.
http://www.nytimes.com/2007/12/18/busin ... ref=slogin
Now, they come back to the table and say "we need to control this."
http://www.nytimes.com/2007/12/19/busin ... ?th&emc=th
That's is the usual path that big government uses to get more power and control... and to diminish your freedom and liberty.
They literally created the crisis to start with by interfering with markets, partly by giving consumers a false sense of security, and largely by keeping rates artificially low and tax breaks for mortgage borrowing in place.
http://www.nytimes.com/2007/12/18/busin ... ref=slogin
Now, they come back to the table and say "we need to control this."
http://www.nytimes.com/2007/12/19/busin ... ?th&emc=th
That's is the usual path that big government uses to get more power and control... and to diminish your freedom and liberty.
...Well, there's only two things in life, but I forget what they are.... - John Hiatt
-
Steve Owen - Certified General
- Posts: 4552
- Joined: Tue Aug 14, 2007 12:26 pm
- Location: Joplin, Missouri
3 posts • Page 1 of 1
Who is online
Users browsing this forum: No registered users and 0 guests