Posted by
knobs48 on Wednesday, September 02, 2009 5:00:00 PM
Who is this mastermind behind this plan? Do we have a mortgage czar now? Is this how it works...? Private investors buy up mortgages and the government guarantees them? Sounds fair enough. The best of both worlds. Private enterprise and government guarantees. Genius. Why didn't I think of that? Wait a minute. What private entity could tolerate government intervention in their business? First comes a tax. Then come the rules and regulations they are forced to follow because they are now controlled by, oops..guaranteed by the government. They can't compete, close up shop, and who is left to carry on business? No...wait, that can't be right, this is privately owned and operated. The government wouldn't intentionally clown that up, would they? Maybe I'm being to cynical. I should be more thankful for all the things the government does for us. After all, they saved the economy. MSNBC said so today.