Hmmm... Is it really that difficult to fix this financial crisis? The problem is money flow. Strict lending standards for the consumer because secondary markets quit purchasing bundled mortgage backed securities. All we have to do is restore faith in the quality and honesty of the securities being sold, investors will start purchasing them again and then Fannie Mae and Freddie Mac will once again be able to continue the circle of money that lets the consumer borrow and then purchase a home and then repeat.
Let's face it...America does not produce anything anymore. Our economy has moved from Manufacturing, production, and an exporter, to the number one consumer country in the world. If we can not start producing again...and take pressure off of our economy being supported mainly by real estate...we are in trouble.
Real Estate is an awesome part of our economy...but it can not soley be how we keep ourselves a float.
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