Frustration

I know, I know.... I haven't blogged in a long time! What is my excuse you ask? Well, to be honest, I have been so frustrated by what I see in the news and by what our government is doing that I just haven't really wanted to blog. Do you know the feeling of knowing that you are right about something and just don't understand how anyone could believe something different than you? That is how I have been feeling for the last couple of months.

These are just a few questions I am trying to find answers to:
1. How can so many people blindly follow the leaders of our government?
2. How can so many people truly think that more spending is going to fix our problems?
3. How can so many people think that bigger government is the answer?
4. Why is everyone blaming the likes of AIG and so many other companies for the crisis we are in when this recession is hurting the global economy?
5. Why isn't anyone blaming credit card companies for charging compounding interest rates and on top of that have the capability to increase those rates at anytime? Talk about "predatory" lending by mortgage companies, where are the claims of predatory lending by credit card companies?

As you can tell I have a lot on my mind! Can anyone help me out with these questions? I am open to suggestions and answers! As most of you probably know, I work in the lending industry, so I follow all of the events about my industry very closely. I have constantly been hearing about how banks are not lending or that they have just started lending a little bit more. It is Obama's plan to buy "toxic" mortgage assets from banks to "allow banks to lend more!" Please hear it from me... banks are truly lending!! You just have to be current on your current mortgage, have low debt, have provable income, and have decent credit! Banks are swamped with doing loans for people that meet this criteria. So, when I hear that banks aren't lending or that Obama and the Treasury Department want to have banks lend a lot more, I can only come to one conclusion, that they want banks to once again do loans for people who are "risky" customers. So... the cycle begins again!! Once banks start taking risks again, and the customers stop paying their mortgage, no one is going to remember that the government encouraged banks to lend more, they are just going to remember that the banks did these "risky" loans in the first place! Make any sense to you? It is the exact same thing that happened that got us into this mess in the first place!

A Little Humor

When I watch the news, I get absolutely tired and worn out from hearing all of the negative news about the economy and job less and it goes on and on. It seems like there is a pretty good chance that things are going to get a lot worse before they get any better.
In the meantime all we can do is pray........and.....try to find humor wherever we can find it! Ever wonder what all of the big name companies are going to look like once this crisis is over?

Well... Here is a pretty good idea.