There are many things that upset me about how our country is running right now, especially in the mortgage industry.
I am just now kind of waking up to what is going on here. When our president took office he made a lot of promises; smaller government and less taxes being at the top of the list. I am convinced there has been a shell game in the mortgage industry. It has also been in the administration of our country. I find it kind of suspicious that while an oil man is in office the price of gas goes out the roof. While promising to have smaller government we now have the largest government in our nation’s history. While promising to reduce my tax bill the economy is spiraling out of control with inflation.
I considered myself a republican up until last year. I thought that only the liberals in office played these silly little shell games to get in my pockets deeper and to gain more control over me. The past republican congress and the current administration have been doing the same thing. They gained my trust and had me blaming the democrats for years. I haven’t run the numbers but I would almost bet $1,000 that my taxes are higher now than they were before we got the republican tax cuts. Most of it is probably in sales tax on gasoline, food and clothing.
I do not appreciate having my trust betrayed and it will likely never be regained by either party. All the time the politicians are pointing fingers at each other they are trying to get me to take sides in their petty arguments. They lean over and tell me how I should be living while picking my pocket at the same time.
Now back to the mortgages. President Bush and the head of the FED have both said they will do what they can to support the economy but the mortgage companies are on their own. Don’t be fooled here. The FED and the government are as much to blame as the lenders. They knew there were risky loans and encouraged the loaning of this money. Our government regulates everything down to the point of what we say. Most people don’t realize the Federal Reserve is a privately held company. They issue the money and require the banks to pay them interest. They encouraged the risky lending practices of the last seven years. Who stands to gain in this situation? If the fed owns the money and the government gets to oversee it, they stand to gain. Everyone is in debt and there is now a strangle hold on the American economy by the FED.
Here will be their answer. The FED will tighten the supply and regulation. The government will create new binding legislation, spend hours upon hours in hearings and then somehow slap the lending institutions with some kind of penalties which will get passed on to you and me. All the time telling us they are protecting us from the bad guys. Do you see what I am saying? Why didn’t they just do it in the beginning? It is all about the profit and the control of the money. If you listen to everyone’s rhetoric and take your eyes off the money trail you can’t see what is happening. The Federal Reserve and the U.S. Government are not going to take any of the blame. They will point the finger at the bad mortgage company and tell me how they will fix it. When things start going bad they try to act like they couldn’t see it coming. Keep your eye on the money trail and realize there isn’t a problem in our economy that the Fed and government don’t already know about.
In with all this political complaining I also market
Huntsville Alabama Real Estate for
Huntsville Homes for sale and
Arab Alabama real estate.
