Comments on: Rewarding Irresponsibility http://www.outsidethebeltway.com/archives/rewarding_irresponsibility/ Online Journal of Politics and Foreign Affairs Wed, 25 Nov 2009 15:36:14 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Steve Plunk http://www.outsidethebeltway.com/archives/rewarding_irresponsibility/comment-page-1/#comment-515259 Steve Plunk Mon, 29 Sep 2008 17:34:53 +0000 http://www.outsidethebeltway.com/?p=25513#comment-515259 I have yet to see anyone adequately refute the idea this can all be traced back to government intervention in the mortgage market. From the Community Redevelopment Act to Clinton's push for 70% home ownership the federal government has been instrumental in fueling the sub prime locomotive. Calls to reign in the problem before a meltdown were ignored and ridiculed. The most irresponsible party seems to be the government. Will we see those government officials be held accountable? No. So solving a problem created by government is the most responsible thing being done. I have yet to see anyone adequately refute the idea this can all be traced back to government intervention in the mortgage market. From the Community Redevelopment Act to Clinton's push for 70% home ownership the federal government has been instrumental in fueling the sub prime locomotive. Calls to reign in the problem before a meltdown were ignored and ridiculed.

The most irresponsible party seems to be the government. Will we see those government officials be held accountable? No. So solving a problem created by government is the most responsible thing being done.

]]> By: charles austin http://www.outsidethebeltway.com/archives/rewarding_irresponsibility/comment-page-1/#comment-515227 charles austin Mon, 29 Sep 2008 15:23:11 +0000 http://www.outsidethebeltway.com/?p=25513#comment-515227 Jeez, can we declare a moratorium on the use of the word moron? No bailout. Let the guilty and greedy suffer the consequences. Perhaps much tighter credit is needed for a while considering how badly it has been abused. Jeez, can we declare a moratorium on the use of the word moron?

No bailout. Let the guilty and greedy suffer the consequences. Perhaps much tighter credit is needed for a while considering how badly it has been abused.

]]> By: mike http://www.outsidethebeltway.com/archives/rewarding_irresponsibility/comment-page-1/#comment-515215 mike Mon, 29 Sep 2008 14:03:25 +0000 http://www.outsidethebeltway.com/?p=25513#comment-515215 And socialism has arrived. Thoreau has it exactly right. Those who act sensibly/responsibly will pay for the rest. However, this bailout is a necessary evil in my opinion. I'd like to see some indictments come down if any of these CEOs etc.. acted illegally. And socialism has arrived. Thoreau has it exactly right. Those who act sensibly/responsibly will pay for the rest. However, this bailout is a necessary evil in my opinion. I'd like to see some indictments come down if any of these CEOs etc.. acted illegally.

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