Comments on: Federal Reserve To Reduce Your Access To Risk http://www.thelibertypapers.org/2007/12/20/federal-reserve-to-reduce-your-access-to-risk/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Fri, 17 May 2013 18:49:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: LBest http://www.thelibertypapers.org/2007/12/20/federal-reserve-to-reduce-your-access-to-risk/#comment-47649 LBest Thu, 20 Dec 2007 18:41:23 +0000 http://www.thelibertypapers.org/2007/12/20/federal-reserve-to-reduce-your-access-to-risk/#comment-47649 This bandaid will not impact the working poor as you have stated or the middle class it will impact the entire process and disrupt almost all buyers.
I do not believe the Feds should regulate it or any other market. If the market determines it is a risk they will bet on and the buyers decide they can accept the terms then government should not tell them otherwise. The real problem is the inability of everbody to not except their mistakes and move on.
I have lost everything because of my mistakes in the mortgage industry: entire business and home but guess what it was my mistake, I learned and I moved on with my life. I dont need the nanny state to protect me or stop me from repeating my past foolishness.

The sad thing is with government regulations comes a lack of freedom to ALL not just a few.

]]> By: mlimberg http://www.thelibertypapers.org/2007/12/20/federal-reserve-to-reduce-your-access-to-risk/#comment-47632 mlimberg Thu, 20 Dec 2007 13:46:02 +0000 http://www.thelibertypapers.org/2007/12/20/federal-reserve-to-reduce-your-access-to-risk/#comment-47632 Group Think is a distructive force in human nature. While everone was piling on the band wagon, no one thought to look around the next curve and failed to see the cliff ahead.

It’s not going to be the fall that hurts, it’s going to be what happens when the overloaded wagon hits the bottom….. in about 5 years….

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