I believe that getting front of the financial crisis will only drag the Federal Government further into the red. Historically the givernemnt is a reactive measure to combat private sector issues when the free market was unable to solve the problem. I fear that this time we are only stepping out in front of a speeding train that is eventually going to wreck. Accept this time the Federal Governemnt is a passanger instead of a on looker of the finacial tradgy. The plan can stop the enevatible so just let it happen rather than dely it until the winter or early spring. The constant proping up of the markets is only making the Governemnts credibility more deeply entrenched in the bad faith of this fiancial crisis. If the federal goverement goes down due to bad priviate market choice who will bail them out? The answer is simple no one, you will then see a rapid disconnection of other foriegn governemnts from our assets, bonds, and currency and in the end the US will be life a person with a plague; quarintineed from the rest of the world for the mistakes of a few on Wall Street. So once again I say let the free market fail and then step in rather than taking us all along on a speeding train to a terrible end...
Experience is nothing without knowledge! Being fair, accurate, and honest is my promise. I have been orginating FHA,VA,R&D,MBOH, conforming loans, land, and construction since 2003.
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