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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (104683)	2/13/2008 8:33:50 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 306849

It's too important to leave in the hands of unregulated private entities (as we now see), and it's a nice profitable sideline to boot. Talk about the fat flying into the fire... At least the private market has checks and balances (imperfect as they are). As it is, the SEC, Treasury, Fed, and other agencies were supposed to surveil and overwatch the current process and look how bad a job they did? And other than the fact that there's probably some constitutional prohibition against the Federal government forcing the states to re-insure through its nationalized re-insurance system, politically it could represent a major shift of centralizing power to the Federal government to the detriment of the states. Hawk