Quote:
Originally Posted by willravel
Of course I am. Or are you okay with "people making bad financial decisions" resulting in people being kicked out of their homes and the entire planet to be negatively effected? All it would have taken was policy that was slightly less "you stay on your side of the apartment". Responsible regulation could have prevented all of this, and I'm sure I wasn't the only person to see this coming.
The free market is great in a Reagan speech, especially when walls are involved, but the reality is that no single market or governmental system works by itself. It's when you create an amalgam of the most successful traits from different systems that one tends to have a more overall successful system. Don't let the boogeyman from 30 years ago, aka socialism, scare you into making bad decisions. No one had a problem with socialized fire protection, after all.
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Bad financial decisions were made by BOTH the borrowers and the lenders. Do you want government negotiating your mortgage rates on your behalf?
"Socialized fire protection"??? Do you mean "volunteer"?...there's huge difference between the two, specifically in the word itself...you don't voluteer for anything in a socialized system...and that is precisely why it never worked.