Page 43 - Housing Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And people who lost their jobs and are in homes they can't afford anymore won't be helped by this. >> it's not really the banks. it's this government agency that is having trouble admittedly, the administration says this just isn't working. >> brenda, government is the only entity dumb enough, dumb enough to encourage failure. that's what they're doing. they're saying, you know what, if you want to try the housing market, go ahead. we'll bail you out. the problem with that is free markets say it's okay to fail. you can fail because fail brings innovation. innovation, therefore, breeds success....

And are in homes they can't afford anymore won't be helped by this. >> it's not really the banks. it's this government agency that is having trouble admittedly, the administration says this just isn't working. >> brenda, government is the only entity dumb enough, dumb enough to encourage failure. that's what they're doing. they're saying, you know what, if you want to try the housing market, go ahead. we'll bail you out. the problem with that is free markets say it's okay to fail. you can fail because fail brings innovation. innovation, therefore, breeds success. if there is no failure, you're...

Pass on this. >> well, it just wasn't the right bill. i mean, it was -- it would spend too much. it would spend too much in the out years. it didn't have enough tax cuts in it. it was not enough infrastructure spending. it didn't do much for the housing problem that florida was having, that still is having. so it just wasn't going to fix the problem. and it was going to increase our debt tremendously so, you know, when you have a situation like that, what good is it to get a little something for florida? it isn't what i was sent to congress to do. >> let me ask you something real quick. do you...

Welcome back. nothing better explains the housing problem, the employment problem, the lack of innovation, science and energy nearing in the country problem than a financial system designed to extract money from human beings as opposed to deliver money to human beings. financial reform, meanwhile, continues to struggle in our legislative body. let's just say it is not pretty. the senate banking committee continues to try to hash out a bill they claim will have bipartisan support. something chairman chris dodd says he went go to the floor without. in trying to get republicans onboard, rumors ar...

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