The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (180749)	1/30/2009 2:53:31 PM
From: Jim McMannis	of 306849

If Christopher Dodd is Delighted ... We are all in deep kaka. When the chairman of the Senate Banking Committee is happy with a policy decision at the Fed, I immediately reach for my wallet, to make sure its still there. Sort of like when I am in a crowd and someone bumps into me. thelastgoodidea.blogspot.com The Fed decision to take action against foreclosures can only turn out poorly. For 2 decades Washington and the economists they have employed, have meddled with and held back economic tides which were not meant to be messed with. Preventing foreclosures should not be the goal of the Fed, the Treasury or the Senate Banking Committee. They should be concerned with guiding the US economy out of the wilderness and back to an equilibrium which we can use as a starting point for new growth. Preventing foreclosures is like holding back the tides. It can't work for long and its likely to cause stiffer consequences. If anything has been evident over the last couple of years, its exactly that. Our financial policy makers need to take their hands off of things which they can't really control and allow our economy to reset itself to a normal and sustainable level. Instead we have a feltcher like Christopher Dodd influencing financial policies about which he knows nothing and is not qualified to be meddling with. There were no economics courses at the Mr. Potatohead State law school Christopher Dodd went to. Seriously, read this part ... 8:50 AM Ellanora said... Love the humor! It's nice to be able to laugh about this debacle we call an economy. Your insights are spot on! Enjoyed looking at some of your archived entries, also. Thanks. 12:55 PM Post a Comment Older Post Home Subscribe to: Post Comments (Atom) Who should the government be more concerned with helping? Should Congress Bailout the Troubled Individual Homeowners?

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