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thenewgreen · 4934 days ago · link · · parent · post: Wrote this song election night 2008. -Does it seem naive now?
I don't disagree with much of what you write cgod. I'm not a big fan of the "Consumer Protection Bureau". I think like most things, it is political theater and will likely have little to no impact. Plus, I feel like the legal system is there to protect consumers, we don't need a whole new bureaucracy. If the legal system is lacking, that's what a legislature is for, that's what courts are for. I for one am tired of people pointing the finger at the "nasty banks" for issuing them mortgages they had no right having. Do the math. If you can't afford to buy a 2,3,4 hundred thousand dollar house, don't! It doesn't take a wizard to know that if you earn 50k a year you shouldn't be able to own a 300k home with only 5k down.
I saved for 6 years and put 20% down on a home. 5 years ago friends were giving me crap for still renting. Those friends are now underwater on their mortgage. -Anyways, I'm ranting.
Overall, I agree. I think I'd give him a solid B.