Word: messes
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...government is much more responsible for this mess than Wall Street is, by refusing to reform Fannie and Freddie in 2005 and by allowing subprime mortgage loans to be made to unqualified buyers. Forrest S. Walters, ERIE...
...simplistic to blame greed for the financial mess. The fault is a broader human trait: the reluctance or inability to consider the downside of a situation that has so many attractive features. The financial products at issue were profitable, and people were getting houses. Any problems that arose would be taken care of tomorrow. Wonderful invention, tomorrow! Kenneth Viste, BOISE, IDAHO...
...Such as it is: on top of the strike and the financial crisis, Belgium is still mired in a political mess as French and Dutch-speaking parties squabble over where provincial power ends and national authority begins. The country did with just a caretaker federal government for nine months until March, and the current administration is tenuous at best...
...live in a house. I don't know. I'm just saying that the consequences of it are that you're going to have a lot of bad mortgages and inflated real estate prices. And then they're going to correct and it's going to be a mess. And it's taxpayers on the hook...
...elected President, the crisis ensures that the next Administration will have to make some tough choices next year about its campaign promises about taxes and spending. It also ensures that the economy will remain the top issue for the foreseeable future as Congress investigates what led to the mess and looks into tightening regulations to prevent a similar collapse. "Whatever we do today will start a process that will hopefully get us where we need to be in the not too distant future," says Representative Jim Clyburn of South Carolina, the No. 3 House Democrat. Members and candidates...