Thursday, August 30, 2007

Actually, no we don't

Maryland liberal leaders are in a tizzy trying to figure out what to do to save state homeowners, now facing foreclosure, from themselves.

The seemingly omnipresent superlib Tom Perez put it this way:

"We need to prevent people from getting into loans that set them up for
failure," Maryland's secretary of labor, licensing and regulation, Thomas E.
Perez, said yesterday at a hearing in Annapolis.

Actually, Tom, we don't.

One of the central fronts on the ideological war between liberals and conservatives is the notion of personal responsibility. We see it play out in the smoking debate, the effort to outlaw transfats, work requirements for welfare, etc. etc.

Liberals have a paternalistic view of us all, specifically that we cannot tie our own shoes without them. They really believe that only the government, that well known bastion of common sense and efficiency, can save us from ourselves or worse the bogeymen corporations praying upon us
poor saps for (gasp!) profit.

Papa Perez is a perfect example. Homeowners who signed up for these mortgages are just victims of "predatory lenders" and the Government (funded by the real saps who manage to work and pay mortgages they can afford) needs to ride in and save the day.

The low mortgage rates and soaring property values Marylanders have seen over the last several years fueled a massive increase in people who otherwise could never afford to buy a home to do so. Some of these loans had steep increases in interest rates and monthly payments after a couple of years. With rising home values this was of little concern because refinancing was readily available. It is important to note also that this particular crisis is having a far lesser effect on Maryland than most of the country largely because our property values have not taken the same hit.

In too many cases now, however, that no longer appears to be the case.

That is bad news for lenders and investors who took risks in lending money to people on terms they should have known would exceed their ability to pay and which were collateralized by property that no longer secures the debt.

It is also bad news for would be homeowners who took on obligations they could not afford but who otherwise would be in the same position in which they are now forced to return, renters with no immediate hope of home ownership. But these folks assumed this risk, which were fully disclosed, and they really have no one to blame but themselves.

A taxpayer funded bailout, at a time when we already cannot afford the crazy spending habits of our liberal masters, will only reward bad behavior and will do nothing ultimately to help those in this mess.

Also, greater regulation will severely limit, if not destroy, the sub-prime mortgage industry which has helped to over 90% of mortgagees who meet their obligations increase their wealth and financial security by making home ownership a reality.

Sadly, the Papa Perez viewpoint is in control in Annapolis. Bad policy is sure to follow. Just remember we told you so.

Sunday, August 19, 2007

Refuge Podcast 40 - The Way Forward

The latest news of conservative Republican happenings here in Anne Arundel County await in the next installment of the Conservative Refuge Podcast. You can listen by visiting here:

http://theconservativerefuge.libsyn.com/

In a special edition of the Conservative Refuge, we discuss the unfortunate state of affairs with our Anne Arundel Republican State Central Committee. We are joined in a very special interview with regular contributor, top blogger and media darling Brian Griffiths who summarizes what we know about this issue.

If you have not heard or read all of the information about this, you must listen to this interview to get the latest and most complete discussion of this issue in any media source and make up your own mind about how we can move our county Republican party forward.

As always, we welcome your thoughts and comments on this issue and have extended our standing invitation to Republican leaders to answer the questions so many local Republicans are asking.

Greg Kline
Host, Conservative Refuge Podcast

This installment of the Conservative Refuge is proudly sponsored by the law firm of Adelberg, Rudow, Dorf & Hendler, LLC. Adelberg, Rudow, Dorf & Hendler, LLC has been a leader in the Maryland legal community for over 80 years. Contact them to assist you with all your legal needs at www.AdelbergRudow.com or call 410-539-5195.

Sunday, August 12, 2007

Refuge Podcast #39 - Red Maryland

The latest news and the views of Maryland's leading conservative opinion makers await in the next installment of the Conservative Refuge Podcast. You can listen by visiting here:

http://theconservativerefuge.libsyn.com/

In our opening segment, I share a piece from Annapolis Capital columnist Eric Hartley pointing out the failings of an appointed school board in the county. You will want to hear why Mr. Hartley feels the school board appoined by "certain elected officials and their cronies" is truly acting like spoiled children and why a board accountable to the voters is necessary to create a workable budget system in our county.

Our blogger roundtable convenes to discuss the latest in the Maryland state budget debate. You will want to hear as we are joined by very special guest Bill Streiff contributing editor of Redstate.com, the nation's leading conservative blog and our regular contributor Brian Griffiths, recently named as the most influential blogger in Maryland.

In our closing segment, some news about how fat is the new tobacco. I share the latest from the "Fat Files" as the phony "obesity epidemic" has reached a new milestone in demonizing the 2/3 of Americans our government says are overweight.

Listen in and share your thoughts!

Spread the word!

Greg Kline
Host, Conservative Refuge Podcast


This installment of the Conservative Refuge is proudly sponsored by the law firm of Adelberg, Rudow, Dorf & Hendler, LLC. Adelberg, Rudow, Dorf & Hendler, LLC has been a leader in the Maryland legal community for over 80 years. Contact them to assist you with all your legal needs at www.AdelbergRudow.com or call 410-539-5195.