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What Caused the Financial Meltdown?
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<blockquote data-quote="av8torntn" data-source="post: 403894" data-attributes="member: 8259"><p>I am not really sure how to take this. Do you want to find common ground with me? I would like to see the government out of the mortgage business. You would like to see a massive expansion of the governments role in the mortgage business. </p><p> </p><p>No, I do not think the USA will fail if we do not do something about these loans. To me the US in an idea that we can govern ourselves through a very limited central government. To me the only way for this idea to fail is to continue to give the government more and more power. I believe that people have come to this country from all over the world seeking freedom and the opportunity to be successful. </p><p> </p><p>Back to topic. It seems everyone agrees that the cause of the financial problems comes from the two most heavily regulated industries. Where I do not agree with the mainstream is that the answer is not more government. This could be a great opportunity for the citizens to rise up and rid the government from one small part of our daily lives. Of course that will not happen because the debate is now down to how much money should we print up to prop up these industries and should we limit the pay of their employees. Who would have thought a couple of years ago that there would be debate in congress on weather or not to limit the pay of executives? How bout if you want to limit someones pay lets limit the pay of members of congress to the lowest ranking private in Iraq? Afterall he or she does more for this country than they do.</p><p> </p><p>I understand we now face a serious time with our credit markets. I just do not think the answer is the one we are seeing proposed. I also believe that it will carry on for some time no matter what the government does or does not do. Rest assured that I feel that all that will happen in the end is the government will push this problem farther down the road.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 403894, member: 8259"] I am not really sure how to take this. Do you want to find common ground with me? I would like to see the government out of the mortgage business. You would like to see a massive expansion of the governments role in the mortgage business. No, I do not think the USA will fail if we do not do something about these loans. To me the US in an idea that we can govern ourselves through a very limited central government. To me the only way for this idea to fail is to continue to give the government more and more power. I believe that people have come to this country from all over the world seeking freedom and the opportunity to be successful. Back to topic. It seems everyone agrees that the cause of the financial problems comes from the two most heavily regulated industries. Where I do not agree with the mainstream is that the answer is not more government. This could be a great opportunity for the citizens to rise up and rid the government from one small part of our daily lives. Of course that will not happen because the debate is now down to how much money should we print up to prop up these industries and should we limit the pay of their employees. Who would have thought a couple of years ago that there would be debate in congress on weather or not to limit the pay of executives? How bout if you want to limit someones pay lets limit the pay of members of congress to the lowest ranking private in Iraq? Afterall he or she does more for this country than they do. I understand we now face a serious time with our credit markets. I just do not think the answer is the one we are seeing proposed. I also believe that it will carry on for some time no matter what the government does or does not do. Rest assured that I feel that all that will happen in the end is the government will push this problem farther down the road. [/QUOTE]
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