Whether you understand the implications of the recent failures of Lehman Brothers, Merrill Lynch, and the AIG Fed Bail-out, it is very clear that (in Seth Godin's words) "Lack of Parental Supervision" has certainly created quite a mess in the financial environment. In conversations today, I found lots of folks looking for ways to get their Buyers approved for financing. Now that the 100% options for FHA financing are kaput, REALTORS and lenders are like a bunch mice in a big ole maze looking for creative ways to get these Buyers qualified to purchase. It's as if this HUGE mortgage debacle and ensuing financial hurricane (vortex) have failed to WAKE UP a LOT of people. We're in this mess because of loose (unregulated) financial practices. We all want money for nothing. I have heard of a...
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