It simply amazes me that with all the problem loans that are made in the banking industry, that the banks can't understand why we as Realtors don't want them selling real estate. With all of the recent bank failures and then wanting us to help them clean up their mess, it is absurd that they are still insisting that they be able to sell real estate. If you want to know how many lending institutions have folded, just check out www.mortgageimplosion.com.
I commend our fellow Republicans (and some Democrats) for not wanting to hand over are hard earned money ($700 billion bailout) to subsidize the banks and investors who invested their money on bad loans to begin with. That was not our fault and we should not be responsible for their bad decisions.
Should congress decide to pass this bailout, I hope that there are sufficient safeguards to maintain the integrity of the secondary mortgage market. It seem to me that the banks and investors should be held to the same standard that the rest of us have to. If you make bad decisions then you have to be responsible for your actions, just like we are. Why should they be treated differently?
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