Per Washington Post editorial below....we cannot continue to have the USG guarantee 90% of all loans after the costs of this bailout to every American.

Strange that no one talks about Chris Dodd and Barney Frank and their huge role in this mess.  Granted the problem is here and it's foolish to go back and point fingers, but maybe Congress should learn not to meddle "for the vote".  Yes home ownership is good, but maybe it's not for everyone.  If you don't have a down payment, you don't buy a house!  If you could breathe, you could get a mortgage...what has occured is a travesty.  Now I suspect the pendulum will swing the other way.  I will read the report. thank you David.

1) Obama is most certainly a socialist in his tendencies . . . denial of that indicates either:

a) A lack of understanding of the concept.

b) A lack of honesty and integrity.

2) Obama is not free to let the full breadth of his tendencies flourish . . . the fact that competing economic philosophies find their way into his administration simply proves that he does not have a total lock on power due to our competitive political system.

3) This crisis is 100% created.  It is not a hurricane, or an earthquake . . . Politicians and bankers created every bit of it.

4) Government is the problem, not the solution.

David, thank you for posting this article. . .I will reblog it and mention you as the referral source

Well, I agree with SaraMana... government is not the solution, but this seems to be a step in the right direction as far as smaller government influence.  However, with Obama sticking his nose into the businesses of healthcare, autos, and many other previously non-government controlled areas, I have to say - yep he's totally a socialist with aspirations of controlling just about everything - right down to emails and facebook.  Gotta love him - NOT!

@Linda #4: I love you. ;-)

Steve,

I appreciate your post here.  I would also frankly admit that the NAR is pushing for more government involvement in things that run counter to my Conservative nature.  I do think long run many of these things should be phased out.  However, the real issue is that many steps being taken right now by the administration and the Fed is an attack on Small Main Street Business -  Corporate Welfare for large banks and the attack on independent loan brokers (I'm sure that Realtors are next) is just part of the agenda to put us all out of work.

Why do we have a Treasury Secretary that cannot pay his damned Taxes, not to mention certain members of Congress getting away with the same stuff. There is more insider dealing and corruption going on that I have ever seen in my life.  If you or the President want to know how to deal with it give me call.

I may not matter to my Government, but for my kids I need to be too big to fail, and right now I am not making it.