Real estate blog entries tagged with mortgage regulation by Robert Ashby Photography

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Home : Blogs : Robert D. Ashby : Florida's #1 Mortgage Planner - Managing Equity and Debt Strategically™ : Tag "mortgage regulation"

mortgage regulation: Government Reacts Now That Enough "Blood" Has Spilled - 09/20/07 11:07 AM

It never ceases to amaze me how much the government reacts, usually overreacts, to things long after they have been done. Take the subprime mortgage meltdown, for instance. No reaction until enough turmoil (bloodshed) has developed and after it spilled over beyond the "subprime" sector, which had been forecasted, even by myself.
Now the Fed is reacting, cutting rates by 1/2 percent and scrambling to crack down on abusive and bad lending practices. Big Ben was speaking before Congress today and stated that the "Federal Reserve takes responsible lending and consumer protection very seriously...We are committed to preventing problems problems from recurring, … (2 comments)

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Robert D. Ashby

Miramar, FL

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