The Case against the Feds regulating the the Problems they created.

This is a continuation of my post, Bill O'Reilly Believes the Feds can Fix the Problems it Created.

In a conversation I had the other day on on small claims court and when someone sues a contractor when they mess up a job or don't do it right, it hit me that its the perfect argument against the Feds regulating the the Problems they created.

First let me lay out a simple hypothetical, you hire Federal Roofers to fix your roof because it has leaks, they come out give you price to do the job, you like it so you hire them. They show up and replace you old roof, then a week later during a rainstorm you start having leaks again. Now at this point you can go back to them to have them do the job again with no charge, or you can go to some one else who you have more faith in to get the job done right, and sue Federal Roofers for what you paid to get the job done right by another party. Now depending on your area and state, some places may require you to give them a second chance to fix the problem, but from personal experience when a particular group you hire to do a job doesn't get it right the first time, and I mean not getting it right in a fairly big way, tend not to get it right with the second chance.

Now the federal government created this whole mess in the first place by requiring the banks to make loans to people who couldn't possibly pay them, also what people like Bill O'Rilly don't pay attention to is the government threatened to take from the banks who complained that this was bad their federal credentials in other words these banks wouldn't be able to operate in the US and its territories, and so the banks wouldn't make any noise they backed these loans with Freddie Mac and Fannie Mae, with our tax dollars. Also it was the former head of Freddie Mac or Fannie Mae who came up with the idea of selling these bundled mortgages as investments.

So I ask again to Bill O'Rilly tell me that this whole mess isn't the fault of the Federal Government? And why should we give more power to the same people who made this mess in the first place, and then blame the private businesses when their pyramid scheme collapsed.

Solomon.