Well, it looks like greed and political ineptness have combined to really screw up the financial markets in this country. You can't blame the Republicans alone here. The Democrats are as much in the fire as the Republicans. I viewed a list of the board members on both Fannie Mae and Freddie Mac and there were a lot of Democrats from the Clinton era listed, as well as a few Republicans.
Then you have Barnie Frank who has been trying to loosen restrictions on home buying for years and now that Democrats got in control, he had his way also.
Now, the government will guarantee the worse loans and the tax payers will pay for the mess we are in. The failure of great brokerage houses can be directly tied to greed and a desire to take advantage of the general public, all in the name of increasing home ownership. OOPS!!!
I almost hope Obama wins. Not because I support Obama but because I don't think anyone coming into the office of President will have much success for his first 4 years. Obama and a Democrat controlled congress will continue to make things worse and we will pay even more. The only thing that keeps me from voting for such a mistake is that Obama will have the ability to appoint judges that will make the matter worse.
Friday, September 19, 2008
Monday, May 5, 2008
Musings in paradise
This is simply a blog of a person that has way too much time on his hands. I call it 'Musings in Paradise' not because I believe I live in a paradisaical world but because I believe 'Paradise' is a state of mind; a way of thinking.
Regardless of the problems of this world we can find within ourselves a sense of paradise by the way we approach problems and work through them. Paradise is fraught with its own problems like, 'Do we climb the tree for fruit or do we wait for it to fall?', or 'Why is there no witch doctor that accepts Medicare?'.
While I know there are many problems in Paradise that face us, I also know that Paradise is what we make it.
While I may be crazy, we must remember that crazy people sometimes see the world in a way that makes sense. So, lets continue this experiment to see what we can come up with.
Regardless of the problems of this world we can find within ourselves a sense of paradise by the way we approach problems and work through them. Paradise is fraught with its own problems like, 'Do we climb the tree for fruit or do we wait for it to fall?', or 'Why is there no witch doctor that accepts Medicare?'.
While I know there are many problems in Paradise that face us, I also know that Paradise is what we make it.
While I may be crazy, we must remember that crazy people sometimes see the world in a way that makes sense. So, lets continue this experiment to see what we can come up with.
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