Wednesday, June 24, 2009

Here we go again

Those of us who don't remember the past are going to repeat it.

So as we are on the verge of digging our way out of a financial crisis, we have Barney Frank tell Freddie and Fannie to "loosen up" lending again. This is the same move that put the country in our current situation.

Let's lend money to people who can pay it back, then when they default.....CRISIS.

I'm sure some us remember when the subprime crisis was the subprime market.

Not sure I remember the "life,liberty and our Constitutional right to own a house or condo.

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