It appears from the referenced article that a lot of what we are now facing in the real estate world might have been avoided if the government had listened to others that did not have a financial involvement in the mortgage industry. To see the article go to http://news.yahoo.com/s/ap/20081201/ap_on_bi_ge/meltdown_ignored_warnings;_ylt=AjsSsuRu_qiBAwq_Cu0Rvres0NUE
It is always very discouraging when people make bad decisions who should have known better and get paid a lot of money to know better.
Hopefully, this will pass, we will learn from these mistakes and be better for it.
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2 comments:
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