This article from Fiscal Times is just another example of the banking/loan industry not learning from past experiences. Are we are getting into hot water again by lending out cheap money? If we had a honest money system, banks and lenders couldn’t lend money made out of nothing. Are we heading to another housing bubble? History has proven time and again that we make the same mistakes and don’t learn. We can’t keep going down the same path and expect differernt results. The Federal Reserve Banking System is the cause of these poor business models of lending money to people who can’t afford it. Where does the money come from that fund these “give-away” programs? Owning a house should be something that is earned, not given. It needs to stop or we will continue down the path of insolvency!! The housing industry will never recover! Get honesty back into the lending industry!!!!!
Here We Go Again . . . !!
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