Never underestimate the power of "short term" thinking

By
Mortgage and Lending with Umpqua Bank NMLS #115765

...actually, there is an argument to be made that "short term" thinking is actually not thinking at all!  The disaster that will be created down the road by the $25bl bailout of Freddie and Fannie is truly breath-taking.  Capitalism only works if failure is a potential outcome of decision making.  I would argue that we don't even really have capitalism any more.  Today is a sad day for our national economy.

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Richard Sweum

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