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America moving towards Socialism?
OK, there was a conversation on another platform that started-off about the increasing mortgage delinquencies as reported by the MBA.  Well the conversation transformed a little and started heading down the political road and it inspired me to respond.  So, I thought I would share my response with you.
Well...this conversation has gotten deep.  Well...deep...  LOL!   OK, just trying to lighten the mood a little!  But obviously the conversation got deep enough for me to come out from under my rock.  I tend to try to stay away from conversations when they start to head down the political or religious road.  At the same time, I am always as positive as my mind and soul can be.  So...Socialism...is a strong political term when speaking of a free-enterprise/Capitalist society.  Now I don't deny that the more the government gets involved with business, the more of a Socialist "drift" we appear to have, but I believe that the government involvement is with good intention.  The outcome is yet to be seen, but I do believe the government is acting with good intentions.   Maybe I'm a Pollyanna.
What the banks, hedge funds, private investors, etc. do with their money, portfolios, non-performing assets is going ... more

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