Comments on: The Mortage Meltdown: Interest Rate ‘Freeze’ – The Real Story is Fraud http://thedemocraticdaily.com/2007/12/11/the-mortage-meltdown-interest-rate-freeze-the-real-story-is-fraud/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Thu, 24 May 2012 02:40:50 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Darrell Prows http://thedemocraticdaily.com/2007/12/11/the-mortage-meltdown-interest-rate-freeze-the-real-story-is-fraud/comment-page-1/#comment-2508 Darrell Prows Wed, 12 Dec 2007 00:43:33 +0000 http://thedemocraticdaily.com/2007/12/11/the-mortage-meltdown-interest-rate-freeze-the-real-story-is-fraud/#comment-2508 I totally disagree with "experts" who contend that there is no need to be proactive in preventing speculative bubbles from even forming. They act like the problems created by bursting bubbles are a normal and necessary part of life, and I tend to focus on the personal trauma. It's times like this when I simply can't go along with their thesis that, on balance, leaving the economy unregulated in this regard is more important than trying to ensure economic tranquility and continuity. I'd be willing to bet that this whole situation gets serious enough before it all shakes out that there is going to be all kinds of support for doing something to create a regulatory fix to head anything like this off in the future. I totally disagree with “experts” who contend that there is no need to be proactive in preventing speculative bubbles from even forming. They act like the problems created by bursting bubbles are a normal and necessary part of life, and I tend to focus on the personal trauma. It’s times like this when I simply can’t go along with their thesis that, on balance, leaving the economy unregulated in this regard is more important than trying to ensure economic tranquility and continuity.

I’d be willing to bet that this whole situation gets serious enough before it all shakes out that there is going to be all kinds of support for doing something to create a regulatory fix to head anything like this off in the future.

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