Following the “WHAT ARE THEY THINKING” post At 11:58 AM, Groveton commented…
“The problems currently facing the United States will, sometime within in the next 20 years, precipitate a crisis.
Today’s WaPo has a story by David Hilzenrath under the headline “Mortgages With No Money Down Still Available: Fannie, Freddie Programs Fly in Face of Foreclosures.”
I would say sooner rather than later Groveton.
Groveton also asked:
“So, what differentiates a crisis from a national calamity? The willingness and ability to change.”
Too many are in the League of Tiger Riders to admit the need to change.
Further, Tiger Riders expect that if they fail that they will get a Bear S. bailout.
More on Grovetons several contributions to the WHAT ARE THEY THINKING post soon.
EMR