McCain’s Mortgage Plan

As Obama asks, what has McCain been doing while this mortgage crisis has been brewing?  Quite a lot it seems, except no one wanted to listen.

http://digitaleconomy.wordpress.com/2008/03/26/mccain-a-radical-new-mortgage-idea/ links to http://www.johnmccain.com/Informing/News/Speeches/bea72b48-35ba-48cb-8cea-b3b68b9be7ee.htm

Just found this, post-melt-down. Maybe it would have been too little, but it certainly was a timely suggestion. I doubt it would have cost anywhere near $700B. I wish we would have had a President McCain last year instead of only Candidate McCain, someone who sees the indicators and steps forward to head off the crisis, instead of merely throwing cash at the problem after the damage is done.

Where the Mortgage Mess Came From

It’s old, but still useful.  Milton Friedman on how to fix the federal reserve problem. He says true cause and root problems are:
1. Monetary policy dictated by banks.
2. Debt on money issuance, owed by the people towards banks.
3. Lack of competition, and of a mixed market which would enforce this.
4. The corruption of government by Banks and Corporations.

Watch for yourself:  http://www.youtube.com/watch?v=wwC7q_gdex0