Comments on: The Road to Utopia leads through Dystopia http://www.raggedclown.com/2007/12/21/the-road-to-utopia-leads-through-dystopia/ It's just a shadow you're seeing that he's chasing... Sun, 05 Feb 2012 02:23:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kevin http://www.raggedclown.com/2007/12/21/the-road-to-utopia-leads-through-dystopia/comment-page-1/#comment-6008 Kevin Fri, 28 Dec 2007 17:31:46 +0000 http://www.raggedclown.com/?p=468#comment-6008 I'd guess that the vast majority of people experienced over-enthusiastic sales pressure rather than fraud. If the mortgage crisis ends up just weeding out a few people who shouldn't have been borrowing and a few who shouldn't have been lending the market might deal with it in its own brutal fashion. I expect that a few trees will get ripped up with the weeds though. Agreed on the freezing ARM rates bit. I’d guess that the vast majority of people experienced over-enthusiastic sales pressure rather than fraud.

If the mortgage crisis ends up just weeding out a few people who shouldn’t have been borrowing and a few who shouldn’t have been lending the market might deal with it in its own brutal fashion.

I expect that a few trees will get ripped up with the weeds though.

Agreed on the freezing ARM rates bit.

]]> By: Matt http://www.raggedclown.com/2007/12/21/the-road-to-utopia-leads-through-dystopia/comment-page-1/#comment-5652 Matt Fri, 21 Dec 2007 21:43:51 +0000 http://www.raggedclown.com/?p=468#comment-5652 Aren't those that sold shoddy mortgages being dealt with without the need for gov't intervention? Heads are rolling across the finance industry. Are The Problems more due to fraud (for which there are presumably existing laws) or the failure of individuals to understand and meet their commitments? Courting the math challenged vote by insisting lenders freeze ARM rates is one road to White House, of course. Aren’t those that sold shoddy mortgages being dealt with without the need for gov’t intervention? Heads are rolling across the finance industry. Are The Problems more due to fraud (for which there are presumably existing laws) or the failure of individuals to understand and meet their commitments?

Courting the math challenged vote by insisting lenders freeze ARM rates is one road to White House, of course.

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