The goverment has determined that the financial crisis was caused by excessive credit given as a result of easy credit encouraged by the government. The government solution to the crisis has been to give more money to the banks to extend more credit. Wouldn't this put the mortgagor even deeper in debt? If money is to be given away, shouldn't it be given to the mortgagor to pay off the debt?
Government intervention and lack of regulations brought about the crisis. Perhaps regulations and lack of intervention might be the solution to the crisis.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment