Was there panic involved in trying to get our economy back on its feet? Was there some drama in how government (we as they are our representatives) fixed some of our economic problems?There was. One such outcome was the SAFE Act which instituted a federal licensing system and guidelines by which all mortgage licensees, schools, states, and other regulating bodies must abide. Yes, some states did need to regulate their licensees but many had to downgrade in order to be compliant with these new regulations. Others could were not prepared for such a change because of the substantial fees and costs. This goes without mentioning the fact that after this bill was compiled, passed, and assigned it was handed off to a non-governed third party that could address the issue as they wished. Not only were states obligated to pay an exorbitant amount of money to make changes and adjust to the SAFE Act, they had to give up their right and obligation to follow the demands of their citizens but had to submit to the demands of strangers who now wielded the shield and sword of federalism.
Time would tell that such a radical change was probably unnecessary, that it simply caused more panic and drama than it attempted to abolish. Many would even agree that the finger of blame was pointed in the wrong direction in this case. What can we learn from all of this? Any good EMT or fireman would tell you to relax. Breathe. Analyze the situation and look at the FACTS. Then make a decision. With that hopefully we can better combat the problems that will inevitably come.
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