On Thu, 27 Mar 2008 17:05:43 -0400, Wayne.B
wrote:

On Thu, 27 Mar 2008 15:33:54 -0600, Vic Smith
wrote:

Whose business it anyway if lenders choose to write bad loans?
Doesn't hurt me.

That's naive. If the government ends up bailing out the lender "to
save the economy" who do you think ends up paying for that? Sooner or
later we all do, either in taxes or with a depreciated dollar.

Sounds like you want it regulated.

Actually not. My real preference would be to let the lenders fail,
except for the one that is paying my pension and holding my retirement
$$$s.

Life is complicated. :-)

Only when you won't accept responsibility for your action or inaction.
That's what I meant when I said it doesn't hurt me.
I really don't care what happens with the bad loan situation, since I
wasn't responsible for it.
Not that it's rocket science. I saw it coming, as did anyone with
their eyes open and not heavily sedated.
If I were responsible I would have regulated loans to prevent it.
But nobody asked me.
Would not have looked good for "record home ownership" statistics
that GWB often crowed about. Just wouldn't be prudent.
And I don't care about the taxes or depreciated dollar.
I just don't. Nobody asked me to be the boss of that, and
I admit I didn't volunteer. I just left it the business community.
with proper gov oversight.
And here we are.
Okay with me.
Why get upset about it?

--Vic (feeling laid back, and a bit high on Stabil)