Verse of the Day
“Then he said to them all: “Whoever wants to be my disciple must deny themselves and take up their cross daily and follow me. For whoever wants to save their life will lose it, but whoever loses their life for me will save it.” (Luke 9:23-24)  listen to chapter  (Read by Max McLean. Provided by The Listener's Audio Bible.)

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Thursday, September 18, 2008

So Where Was Congress?

I don't have a PhD in economics, but even I could foresee the bubble bursting in what was once known as our last real estate boom.

Apparently there were a considerable number of lenders (even reputable ones like Fannie Mae and Freddy Mac) who were giving away mortgages to people who didn't even qualify to begin with. HELLO!!! HOW STUPID IS THAT?!?!?!

Meanwhile, as the real estate market was showing signs of unraveling - even to those of us who do not have PhD's in economics - where was our Congress?

Posted by Paul at 3:59 PM

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