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<p>[QUOTE=&quot;medoraman, post: 1251115, member: 26302&quot;]Good questions. The two things I know, (or at least believe), is the new credit card laws has made credit cards more dangerous a lending game, that is why interest rates are higher. Whenever they pass &quot;consumer&quot; laws they make it more expensive to do business, and end up costing consumers more in the long run. Second, you are right there are a lot of bad real estate loans still on their books. If the Fed would have allowed these foreclosures to happen in 2007 and 2008, we would be done with this by now. Putting in moratoriums and the like has greatly increased the length and pain from the whole housing mess. Again, the Fed meddling has increased costs and suffering. </p><p><br /></p><p>Overall, the less government gets involved in economics the better everyone is. It is government interference that adds costs and prolongs corrections, and it was the assumed government bailout that allowed these banks to get into this mess to begin with. With no Fed backup of Fannie and Freddie, the market would not have made these bad loans to begin with, and without the Fed Reserve keeping interest rates low for 7 years before that, many more people would not have qualified for the loans anyway.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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