Housing and Money

The money is about to run out for the government housing program that has been helping the housing industry at least temporarily.It should temporarily because the government has been selling the houses to low income people without any down payment. Seems to me that was what got the housing industry into trouble in the first place,Selling houses to people that could’nt afford to pay for them . For every house they buy we are adding to the national debt.And if we don’t find jobs for these people the government is apt to end up with A lot of houses.Seems to me the sensible thing to do rather then forclose on all these houses would have been to let the people stay in their houses as long as they maintained them and paid A reasonable interest on their debt. If necessay the government could have given them A temporary loan to pay the interest .That in turn should have kept the financial institutions from going bankrupt.People tend to forget that president Bush asked congress several times to create an overseeing board to check up on the big financial institutions But the democratic congress never did anything about it. Now Obama and the democratic congress are trying to do the same thing and the republicans are dragging their feet.We need to check up on these big institutions and the people that are running them so they don’t con the public out of all that money while they pocket millions. Its criminal for these people to make more in one day then the working people that are producing the wealth in this country earn in A year.We need some laws to level the playing field. My opinion by John Zilverberg