I want to state how I feel about the things going on right now in the congress concerning mortgages. I heard someone say today that we had privatized benefits, but socialized risk. Boy is that right! I am burned up that there passed a mortgage bail out bill.
If we do away with the fact of consequences for doing dumb things whether it be lending or borrowing; or in stocks, buying or selling; then we have done away with the very thing that corrects our bad personal and cultural behaviour. I do not care if some of the consequences are big and the ramifications broad. Consequences to be effective as correctors must be heavy or they do not correct.
So much for now. What do you all think. Speak your mind.