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NAR Afraid of Lending Scrutiny and Competition

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April 07, 2008 – Comments (4)

Paulson's blueprint for inreased financial regulation has, no surprise, drawn a loud whine from the National Association of Realtors.

The housing ponzi scheme's prime beneficiaries, of course, don't want to see the good times end, nor do they like the idea that they might face increased competition in their 6% per sale monopoly.

Good luck with that one, folks. You barfed in your own punch bowl, so don't be angry that the grown-ups are finally taking it away.

4 Comments – Post Your Own

#1) On April 07, 2008 at 9:49 AM, abitare (31.24) wrote:

NAR President name is: Dick Gaylord

Seriously, how funny a name is that?

I wanted to reply with some stuff from Housing Doom, but there is to much to pass.  

There Can you believe this?  section will make you want to laugh/cry depending on how you handle the ridiculous.

http://housingdoom.com/category/can-you-believe-this/

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#2) On April 07, 2008 at 9:49 AM, EScroogeJr (< 20) wrote:

This escapes me. Can anyone fill me in on the difference between banking and commerce and why, according to NAR, these activities cannot be combined?

"The association is extremely disappointed that this recommendation asks Congress to repeal the national policy against mixing banking and commerce and authorizes holding companies to own both insured depository institutions and commercial firms."

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#3) On April 07, 2008 at 9:55 AM, FleaBagger (29.22) wrote:

Scrooge -

I have no idea.

abit -

Those trees look like the trees of a state that has more protection for squatters than for private property rights. 

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#4) On April 07, 2008 at 10:28 AM, cubanstockpicker (20.57) wrote:

Abitas-

The NAR is proof positive that God does have a sense of humor. 

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