I'd like to see congressmen go on TV again and explain that the American people who think this bailout won't help don't understand complex economics. So far, it doesn't seem to be helping Wall Street, which we've been told over and over again does affect every American.
I don't think the problem is that most people don't understand why Congress doesn't want a stock market crash, I think most of us didn't understand how a bailout of epic proportions was going to actually solve the problems we're facing. Throwing money at it won't fix it, there's corruption in the lending industry and that is a large part of this problem, IMO. There is no excuse for Freddie Mac or Fannie Mae to have problems. Conforming loans are supposed to have strict underwriting guidelines, more than solid ratios and are very, very low risk. There needs to be a serious investigation into those two immediately. Their failings make no sense.
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