Nutty professors at HUD, the spoon fed (by lobbyist) congress and its agencies run around making speeches, proclaiming villains, pointing fingers yet right under the noses of all these knuckleheads bad players continue to play bad.
Case in point is Lend America's Mike Ashley. Caught, arrested, fined, fired, rehired, fired, ordered to stay out of the business, restrictions ordered - See link for the full story:
http://www.housingwire.com/category/buzz-post/
The point is no regulation in the world will prevent stupid OR bad behavior unless of course there is oversight and enforcement. A drum I have been beating for the past 18 months and will continue to do so.
The enemy is from within and that enemy is our very own government to include the 'pretenders' in congress (pretending to practice oversight) the pretenders in the SEC (pretending to watch Wall Street) to name a few and of course the HUGE lobby effort by the Banking & Insurance industry.
Until we have real oversight and enforcement the noise we hear today is just that...noise.
I wish us all well.
Venture Capital is the solution for your business expansion, real estate development whatever it is since banks are incapable of lending in today’s business environment.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
