Banking, Housing and Mortgages

Politicians like Barney Frank advanced the utopian notion that even the most financially destitute deserve to own a home. Having the ability and income to make mortgage payments seems foreign to the social engineers. The government rescue net would fix any cracks in the money tree. Add the practice of packaging subprime mortgages and you have the perfect storm. The collapse of the housing market is a direct result of unrealistic expectations, unreasonable low interest rates and unlimited loans provided to unqualified borrowers. http://www.batr.org/negotium/020812.html