Prime Solutions Mortgage Is The Housing Bailout An Example Of Congress's 'addiction To Intervention'? What Should They Do Instead?

Is the housing bailout an example of congress's 'addiction to intervention'? What should they do instead? - prime solutions mortgage

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"One problem with politicians is that when problems they create come to mind, to do usually feel this overwhelming desire to something when the United Nations to do something or just the opposite of the tightening avoid the situation. Too often, what we do in the end very little has analyzed the cause of the crisis, but he also played in the press and superficially makes everyone feel better. projects, which are now exported to the Congress by force not sufficiently investigated, always too tempting to quietly slip these provisions that undermine freedom in a way that will never pass as a stand-alone project would be right. It was like the Patriot Act, but Washington learned nothing from it.

The current housing crisis and a corresponding change in the "big government is another example. First, the solution is very aggravating the problem. The problem is easy credit and the rush to flood the U.S. residential mortgage market and money. Relaxed or not the standards of the existing loan leadsMany mortgages and houses they could not afford. As most seizures are concerned, banks are still together like dominoes under the weight of all the bad paper they signed. Some respond and the reintroduction of credit standards. Thus, the number of buyers in the housing market begins to fall her natural size, and hyper-inflated prices back to earth. The market is trying to following the intervention of the government, mistakes are corrected to have been prompted to do so by the cheap credit.