Sam's TEAM Blog

Everyone's Got Dirt on Their Hands
September 27th, 2008 7:54 AM

The amazing thing about the blame game in the political arena is that the truth is the least of the rhetoric.

As the powerful, like Rep. Barney Frank, Sen. Chris Dodd and their ilk are eager to point the finger, they never seem to step up.  It is always someone else.  Frank and Dodd aren't the only ones, they're merely the latest to place saving face and power above honesty with the American people.

The current debacle holding US and world citizens attention is the mortgage meltdown is the fault of all in Washington, almost all on Wall Street and many across the country.

In Washington, too many are worried of losing position should the truth come out, fearful of recrimination if they "rat out" the responsible and banishment from the Halls of Power if they should lay the truth before the American people.

On Wall Street, the profit is the only motive.  The next deal the only focus.  Not getting caught chairless when the music stops.  The real thieves have already deposited their bonus check, transferred it off-shore and working the next deal.  This is where the FBI should start harvesting a bumper crop.

The American people by and large are unwitting, though willing participants while the music is playing.  Many are now "innocent" as children and whining to authority figures of their victimization.  They too were happy, pleased to be dancing while the music played.  Now without the sweet melody of ever increasing home values, the house as ATM Game has come to an end and the hangover is painful.

This entire debacle was started by good intentions - everyone deserves a home - to buy a constituency's support and vote, everyone qualifies for a loan - to please the Washington power brokers, everyone has a dream that deserves to be fulfilled - fill mine while you're at it for them.

As with any serious illness, the road to recover will be painful, perhaps very long unless the strongest medicine is taken NOW.

But for everyone pointing a finger of blame, there are 3 fingers of accountability pointing at themselves from their hand of accusation.

 


Posted by Sam Croskell on September 27th, 2008 7:54 AMPost a Comment (0)

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

WA #510-LO-39119  OR ML#1952


Mortgage Express 10260 SW Greenburg Road Suite 830 Portland, OR 97223
Phone: Fax:

Why Title Insurance? | Why an inspection? | Contact Us | Closing costs - loans | Closing costs - Ins. | Your FICO score | Client Login | Closing Costs | Tell a Friend | News | Home | Loan App Checklist | Mortgage Saving Tips | Loan Application | The Loan Process | Fixed vs. Adjustable | Improve Your Credit Score | When to get Qualified | When to Refinance | What is a credit score? | Rates and A.P.R. | Refinancing Options | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | ARM vs Fixed Rate Calc | Mortgage Calculators | Our Service Area | Interest Only Calc | Holiday Saving | What is PMI? | Gifts as Downpayment | Eliminating PMI | Disputing Credit Reports | Mistakes on Your Report | Bankruptcy | Getting Your Credit Report | 401k for Downpayment | Broker vs. Loan Officer | Buyer Don'ts | Paying Your Loan Early | Homeowner Deductions | How Much You Can Afford | HUD-1 Settlement Statement | Debt-to-Income Ratios | Home Equity Lines of Credit | Are You Pre-Approved? | Second Mortgages | Home Equity Loans | 100% Financing | Improvement Loan Insurance | Hybrid Loans | Mortgage Servicing | Mortgage Tuneup | Home Price Index | Sam's TEAM Blog

Copyright © 2008 Mortgage Express
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map