Home : Blogs : Steve Dalton - Northwest Indiana Mortgages : Northwest Indiana Mortgage - Steve Dalton

John McCain on the mortgage market

Many of you know that I am an avid John McCain backer, even hosting and authoring two Pro-McCain blogs

Porter County Politics, which endorsed him in July of 2007

Yesterday I posted the full text to John McCain's speech on the mortgage markets and his ideas on the government's level of intervention.

That full text can be accesssed here: John McCain on the mortgage crisis. Please read

Now, you may agree or disagree, and I highly encourage the debates from our profession, but you should at least know what our potential President thinks and is thinking about our tattered industry.

I don't think I've ever asked for DIGGS here on AR, but I think it's a worthy post and would appreciate any diggs:

John McCain on Mortgage Crisis Digg

Steve Dalton

Senior Mortgage Banker - Northwest Indiana

Sierra Pacific Mortgage - Residential Mortgage Group

219-465-8352

Twitter

Facebook

Posted by Steve Dalton - Northwest Indiana Mortgages on 03/27/2008 10:01 AM

Comments (11)

john mccain, president, election 2008, mortgages, subprime

11 Comments on John McCain on the mortgage market

MAR

2008

Hooah from a McCain supporter. I can't afford those other two folks.

hmm, yeah you have to know the issues your canidate will deal with and their stance.

Kevin, thanks for the HOORAY

Ross, without knowledge we really are just Pavlov's dogs doing what we've been trained to do, doesn't take any brains and will ultimately gain us nothing.

I am a hard line conservative and McCain is way too liberal for me, but he is our only choice.

wow, i was busy reeling form the other candidates ideas's on the crisis and I believe I stepped into fresh air!! thanks for posting!!

I'm not sure if the straight talk express was doing much straight talk here... no offense but to me there isn't much of difference between calling for more "transparency" as McCain says and calling for more "oversight" as Obama would want. It really seems like the Republicans just use the term "transparency" and the Democrats use "Oversight". The whole point is that both believe we need the government to be involved in making the financial industry work properly. They just disagree as to what to call that intervention... besides, it just felt like McCain was trying to make himself look smart by giving us a lecture as to what the problem was and trying to sound all business like. But sadly I don't think he was right, it wasn't that no one "understood" the level of risk, it's that they just flat didn't care. There was a total disregard for rational business practices and the entire industry ran off a cliff because of it. This lack of rational behavior is a result of innefective "oversight" or "transperancy" or whatever you want to call it but it's time we stop arguing over what word we are using and just create a better market.

anyways, that's my opinion...

Rogan McGillis

www.reversemortgagecity.com

Mr. Dalton,

If you can get that straw hat on John McCain, I will digg ya.

Steve

MAR

2008

Steve, I will work on the straw hat, would make a great photo!

Rogan, I disagree that the risks were known. The bond holders wanted those risky sub-prime products because they had such a high level of return. To be frank, I am getting reports that some of those dreaded subprime loans are already being reintroduced. Transparency is a lot different than government intervention or more regulation.

There is little reason in my mind for the government to bail out these bond investors or bond insurers. The government should work on improving FHA, stumping for a return to affordable housing, challenging young people to clean up their credit and buy a home ... but stay out of increasing the costs associated with these homes by meddling. I personally see the proposals by Hillary and Barack as meddling and cost increasers.

MAR

2008

Steve

I'm a McCain Fan and live in NH where politics are important (being the first in the nation primary state), thanks for sharing John's position on these issues that affect our industry.

MAR

2008

Steve, and others,

I'm a pretty weak spokesman for John Mccain, there are some great sites out there though that I read and subscribe to. I was just thinking about doing a post here on AR with a list of them (about 100 sites) so people could find some new sites to watch from their own areas. I think I will do that.

Here it is: 100 Great Places to find John McCain online if you know of others leave in comments and I'll update

Let's keep the government out. They shouldn't bail out irresponsible borrowers.

Jim in NC

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?