A study in unintended consequences

Full story: Bennington Banner

Treasury Secretary Timothy Geithner's recent announcement of a plan to eliminate the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.
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1 - 9 of 9 Comments Last updated Feb 18, 2011
Shep Jones

Marlborough, MA

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#1
Feb 17, 2011
 
Well said. You hit the nail on the head.
Shadeclan

Albany, NY

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#2
Feb 17, 2011
 
Audrey,

I am surprised to see the government admitting that it had any responsibility for the ongoing financial crisis (which they claim is over but obviously is not). I have to take issue with the belief that government is extracting itself from the housing market, though. Given that the economics of government are almost the mirror image of free market economics, I would propose that this is some sort of smoke-and-mirrors deal where "the culprit" is removed with much fanfare while a worse devil is quietly put in its place. I'm not being cynical here. Economics is, in actuality, the study of human behavior. People in the government - people with families - are the same as anyone else: that is, they want to support themselves and their families as best as they can. In the free market, that means increasing efficiency and working hard. In the government, that means increasing in size and in the amount of money your department consumes and this is usually independent of how hard any individual works or what the department is actually doing. If government shrinks, that means that real pressure is being put on it to do so - I don't think we've seen any "real" pressure yet, tea party victories notwithstanding.
jgadsden

Jericho, VT

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#3
Feb 17, 2011
 
it wont stop democrats from referring to it during that time as the "unregulated mortgage industry"...

regardless of any facts...

also, dont forget that the foreclosure fiasco will open the door to new federal meddling...
they never let a good crisis, even ones they created, go to waste!
Wag the dog

Lakeville, CT

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#5
Feb 17, 2011
 
jgadsden wrote:
it wont stop democrats from referring to it during that time as the "unregulated mortgage industry"...
regardless of any facts...
also, dont forget that the foreclosure fiasco will open the door to new federal meddling...
they never let a good crisis, even ones they created, go to waste!
Be fair, obviously Dems aren't the only ones. It's all about kowtowing for their "contributors". Gov't of, by & for the people? Nope.
Shadeclan

Albany, NY

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#6
Feb 17, 2011
 
Wag the Dog, you are correct. Our two parties are simply two sides of the same coin. Both want the same thing - power and money. They just want them for slightly differing objectives. Dems want power and money for social programs and to expand the empire while Republicans want them for business welfare and to expand the empire. The net result is the same - the curtailing of your rights and the taking of your money.

Since: Feb 07

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#7
Feb 17, 2011
 
That Freedom Movement celebrated by the WH, needed to have it's specticals cleaned,
the 'V' sign does not mean 'Peace'.
They are not speaking American.
Mark Shepard

Brookline, MA

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#8
Feb 17, 2011
 
There reason there is such similarity between politicians of either or any party is because the weak point is not the political party, but human nature, hence why the framers, framed a very limited government.

Only limiting government can and will limit corruption. Big government is just not compatible with humanity as I wrote in a column last summer:
http://www.congressisonopm.com/Commentary/201...
Wag the dog

Lakeville, CT

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#9
Feb 18, 2011
 
Mark Shepard wrote:
There reason there is such similarity between politicians of either or any party is because the weak point is not the political party, but human nature, hence why the framers, framed a very limited government.
Only limiting government can and will limit corruption. Big government is just not compatible with humanity as I wrote in a column last summer:
http://www.congressisonopm.com/Commentary/201...
Right-wing finger pointing, nothing new.
The weak point isn't "human nature" per se but the nature of the type of people that choose to go into politics, many seem to do it to gain power/prestige to advance themselves and pad their wallets. Their "constituents" are merely tools to be manipulated/used to that end.

Since: Feb 07

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#10
Feb 18, 2011
 
That 'V', is the finger..

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