The last couple weeks have been crazy. Not only in my personal life, but also everything going on with this Wall Street crisis. I'll start with my weekend wedding/vacation to Philly. My wife and I were both in the wedding party and both for the first time experienced and participated in a Catholic wedding. It was crazy, they should have had us take a class before showing up to the dress rehersal. The wedding was in an awesome cathedral in a town called Bristol and everything went great. The reception was on a beautiful golf course in New Hope, PA. The bride is a gourmet food guru and her love was reflected at the reception. The food was to die for. For the rest of the weekend we enjoyed the company of family and went sight seeing downtown Philadelphia.

Now for my thoughts on this Wall Street debacle. After I have had time to absorb the vast amount of information surrounding this subject I have come to the conclusion that we should not have more government intervention. Government intervention is what got us into this disaster in the first place. It was the government "forcing" banks and financial firms to issue loans and mortgages to people who would never be approved before. Now I understand it is not just the governments fault, but the the slippery slope was created solely by the government. Why would banks make deals with people that they thought couldn't repay the loan....because certain administrations thought that everyone deserves to own a home. I think along the same line, but only when people are financially ready. Another factor adding to the creation of the current problem were the dramatic interest rate cuts. These cuts were made to make it easy for people to borrow money. I also think some CEOs of these companies were making bad business deals to boost numbers and that contributed, but the reason this all started was because of government policies and decisions, like the CRA, that encouraged this risky lending.

Now these investment firms neglegently bought these faulty mortgages without looking at what they were buying. Now the government wants to use our money to bail out this bad business, which will only defer and extend the pain longer. Someone has to take the loss for this to end not tax payers. I don't pretend to have the answers, but I know creating a larger, more socialistic government is not the answer!