I have a 2 and a 4 year old. Those of you with toddlers and with almost toddlers know how they learn to crawl, stand, walk, and run. There is one thing that happens with each phase… “SPLAT!!!” With each splat on the ground they learn a little more. Sometimes they have evidence of these stumbles with some evidence more obvious than others.
Our housing market and our nation are still relatively young, lets do some splatting and stumbling. Lets get stronger and grow.
Lets start demanding, begging, and pleading for our overprotective control freak mama government to leave us alone so we can relearn responsibility.
Bernanke, congress and every other person in the world wants to make a difference. But please don’t use the government to “help”. Another 60 years of enabling is really the last thing we need.
Ben Bernanke speaking at Columbia Business School on foreclosures…
“High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets, and the broader economy," he said. "Therefore, doing what we can to avoid preventable foreclosures is not just in the interest of lenders and borrowers. It's in everybody's interest.” He went on to say, “Additional government policies can help address problems in the mortgage markets," he said. "The Congress can take an important step by moving quickly to reconcile and enact legislation."
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