Leave it to the market
Cry Wolf Quotes
A mortgage is just one of the things that you cannot guarantee. When the real-estate market completely goes to the bad and crashes, there is not money enough in this country or any other country to sustain mortgages at an even level. They have got to take the go-down, just the same as any other security or any other commodity.
...we are not supportive of the extensive, prescriptive regulations as proposed in this rule. We believe industry's current safety and environmental statistics demonstrate that the voluntary programs implemented since the adoption of API RP 75 have been and continue to be very successful.
We feel that the new plant should have equipment installed to abate pollution that meets and exceeds the established standards. If I recognize what you are driving at, company XYZ could come out with a piece of equipment that could be extremely expensive that would eliminate all pollution whatsoever and if I were to agree with your question, that would mean that all of your industry would then have to buy that piece of equipment from company XYZ with the basis against all other companies that are producing pollution equipment. I don’t think that is the objective of free enterprise.
Now what need is there for doing this sort of thing? I hold in my hand, Mr. Chairman, a section of last night’s Star, which I have cut out. Here are six reputable loaning agencies in Washington, one of them representing the Metropolitan Life, another the Prudential, another an insurance company on its own initiative, who are loaning, and they are advertising for borrowers. Why load us with the expense and with the burden of this bill?
