>This is always a problem when you have a overly complex system, people will figure out how to game it
Yes! Now we are seeing on common ground. Historically, the bigger the system/government, the more it is cortrupt/unfair.
>AMPTA signed in 1982 by the The Great Communicator created these loans to begin with. It also meant that banks could issue these adjustable rate loans with no oversight.
More common ground. Agreed, another dumb move by the Government, this time under Republican control. Again, governemnt intervening in market forces. If banks had to suffer directly for selling a lame loan, they wouldn't sell lame loans... but with that act, they were able to sell off unconventional loans, and shift the risk away from themselves. Dumb, dumb, dumb.
I'm all for minimual government, maximum freedom to succeed or fail for the individual. That is the pursuit of happiness, the right of self determination.
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Re: Freedom in the 50 States
