Monday, August 18, 2008

Another Piece Of The Housing Mess

Here's a link to a good article about the failure of oversight of housing appraisals. Government at all levels fails us at times, but also at times, agencies are set up without proper funding and are, therefore, unable to fulfill their assigned missions (sometimes to the glee of those who wanted them to fail in the first place). Further, the Bush Administration has never been much interested in anything approaching regulation of business interests. I'd guess that most Americans don't want a totalitarian approach to business, but they recognize that there needs to be oversight and regulation to keep a lid on things. Well, the lid has come off of the housing business, and all of the businesses involved in it.

http://www.msnbc.msn.com/id/26254079/

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