> > 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.
Minimal government, but oversight where it needs to be. If you take away all government oversight, then you create a Standard Oil of America. Completely open markets work well on paper, and in mathematical models that leave out human ingenuity and greed.
Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
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Re: Freedom in the 50 States
