Dude, Take an Economics Class before writing any miss-guided articles. Barney Frank's Fannie May & Freddie Mack caused the whole Credit Mess. If I were a bank saddled with Foreclosures, (which is only partly my fault), I would be VERY careful who I loaned money to after being forced to loan to high risk parties after t...more

Just remember, we are in this mess because Barney Frank and his Fannie Mae (which shouldn't even exist) purchased mortgages so that the banks could lend even more money - creating an artificial Increase in Demand greater than the available Supply which pushed prices up and allowed banks to lend mortgages to people who ...more

The article insinuates that the fear of inflation led to borrowing and consumption NOW so as not to LOSE your savings to inflation later. It also could have been the irresponsible "keeping up with the Jones's" spoiled brat philosophy. Those I do not feel sorry for. Inflation is a complicated thing, for there is BAD inf...more

Jim  I think you got it backwards. It's Congress that authorizes the hugh amount of spending  - and the President who embraces it by signing it.

This isn't something that just started yesterday. This is the culmination of voter stupidity. Many uneducated Americans fell for the false promises of the Radical Liberal Socialist Agenda. They kept electing these idiot lawyers over and over and over again. Now I'm not just talking about the 535 + 2 in DC. I'm talking ...more

A sad time for us hard working conservative Americans to have to deal with the Radical Liberal Socialist Agenda being forced on us. We have no one to blame but ourselves for continuously being fooled by the false promises made by these ignorant lawyers (politicians). Why do we keep re-electing these morons? I'm not jus...more

Regardless of how bad Fannie May & Freddie Mack totally screwed up the Financial Industry - anyone who has remained employed throughout the financial crisis and still lost their homes to foreclosure must take responsibility for the fact that they purchased a house that they couldn't afford to pay for. True that Mortgag...more

Anthony, I love your stuff! Anyway, here's 2 very important economic factors you are missing: 1). When the GOVERNMENT got involved in giving away Student Loans to ANYONE and EVERYONE way back when - the MONEY HUNGRY Colleges and Universities took advantage of this by JACKING UP their costs of attending at an alarming r...more