Comments on: America’s Accountability, or Lack Thereof http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/ adjective: of or pertaining to things that should work but go awry Thu, 22 Jul 2010 04:21:37 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: A sad day on automaticable | automaticable http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/comment-page-1/#comment-422 A sad day on automaticable | automaticable Wed, 11 Jun 2008 15:27:12 +0000 http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/#comment-422 [...] say something inspiring.  Give me some ammunition here.  Tell me you love Bush, or that I am a Godless heathen.  Talk to me about how gays shouldn’t marry.  Make fun of [...] [...] say something inspiring.  Give me some ammunition here.  Tell me you love Bush, or that I am a Godless heathen.  Talk to me about how gays shouldn’t marry.  Make fun of [...]

]]> By: Cheryl http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/comment-page-1/#comment-182 Cheryl Sat, 29 Mar 2008 22:40:27 +0000 http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/#comment-182 You're right Kyle, it stinks that our taxes could go to bail out the people who were weak to the temptations of overborrowing. It almost feels like the cautious ones will be punished and the weak ones will be gifted. As far as the mortgage industry goes, the government is taking positive steps on behalf of the consumer starting this summer. Much like the regulation that came to the Illinois Real Estate industy in 2000, lenders will now have fiduciary reponsibility to their clients. They will be required to represent their clients in the clients best interest and make them aware of the risks involved with borrowing. This is definitely a step in the right direction to protect those buyers who put their faith in the people selling them money. What can we do now...well there is a little silver lining for the folks that didn't get themselves turned upside down financially: Go buy some Real Estate...it's cheap! Those homes going into forclosure are perfect opportunities for inverstors to buy cheap and rent to those folks who are losing their homes. Prices are falling, interest rates are good, and renters are plentiful! You’re right Kyle, it stinks that our taxes could go to bail out the people who were weak to the temptations of overborrowing. It almost feels like the cautious ones will be punished and the weak ones will be gifted.

As far as the mortgage industry goes, the government is taking positive steps on behalf of the consumer starting this summer. Much like the regulation that came to the Illinois Real Estate industy in 2000, lenders will now have fiduciary reponsibility to their clients. They will be required to represent their clients in the clients best interest and make them aware of the risks involved with borrowing. This is definitely a step in the right direction to protect those buyers who put their faith in the people selling them money.

What can we do now…well there is a little silver lining for the folks that didn’t get themselves turned upside down financially: Go buy some Real Estate…it’s cheap! Those homes going into forclosure are perfect opportunities for inverstors to buy cheap and rent to those folks who are losing their homes. Prices are falling, interest rates are good, and renters are plentiful!

]]> By: Kyle Wegner http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/comment-page-1/#comment-181 Kyle Wegner Sat, 29 Mar 2008 17:57:09 +0000 http://www.automaticable.com/2008-03-29/americas-accountability-or-lack-thereof/#comment-181 On a complete side note, I had a lot of fun creating the image for this post. I thought it was fitting: the American flag, recently crumpled up but now taken out of the trash and laid out. There are still a lot of creases and impurities and our beautiful red white and blue is fading, but there is still hope. We can iron out the flag and rejuvenate the colors, we just have to be smart about it. I should credit <a href="http://psdtuts.com/designing-tutorials/creating-an-urban-style-piece-of-artwork/" rel="nofollow"> PSDTuts</a> for the inspiration, but I definitely took my own route with this piece On a complete side note, I had a lot of fun creating the image for this post. I thought it was fitting: the American flag, recently crumpled up but now taken out of the trash and laid out. There are still a lot of creases and impurities and our beautiful red white and blue is fading, but there is still hope. We can iron out the flag and rejuvenate the colors, we just have to be smart about it.

I should credit PSDTuts for the inspiration, but I definitely took my own route with this piece

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