Funny how in America we like to find one thing to blame everything on that happens badly and sit back and be blissfully content. Should I mention the words sub prime lending. The simple fact is that not only is sub prime lending not the only cause for the credit crunch, as I will always say it is like making beef stew - many ingredients and it has to be just right to achieve great flavor.
This recipe also requires that we add the Fed, the Banks, the FDIC, the Bond Insurers and the hedge fund buyers and sellers as well. And oh wait let us not forget the absolute greed that exists on Wall Street to make the stew taste just right. The fact of the matter is that the solutiuon takes tome and time only at this point. Hopefully we can get the Fed Chiek gentle Ben to stop gutting the Fed rayes as this only hurts potential homeowners in the long run.Log into my home page for more updates at www.tombrewerjr.com.
Friday, February 29, 2008
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