I am convinced from all that I have read that this will do little to stop the credit crisis, and that only time (in all of its infinite wisdom) will revive the markets once the housing market has finally settled. That this legislation will only reward those very same companies guilty of vindictive and predatory lending practices, while doing nothing to help the millions and millions of foreclosures and failing housing market that are at the root of the crisis.
I realize it is a complex topic, and in keeping with my oath to avoid political posts, I instead am brought back to thinking of Carl Sagan's eloquence and his idea that permeates much of his writings, where he says of those of us that have succeeded and colonized other worlds and are left gazing back to Earth ~
They will marvel at how vulnerable the repository of all our potential once was, how perilous our infancy, how humble our beginnings, how many rivers we had to cross before we found our way.
This notion that we – the human race – are young, foolish, naîve. That we have much to learn, and his hopes we would do so before wiping ourselves out. I am not wholly convinced we will, but hopeful.
Hopeful that somehow, someway, someday .... we will indeed find our way.
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