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Dear Justanidiot,

Ditto.

The mortgage industry went from 5,469 licensed mortgage companies in Rhode Island all the way down to 64 after the new regulations made it "safer" for consumers. "Safer" doubled the costs to the consumer (appraisal fees MORE than doubled), tripled the processing time, never improved safety at all, and added new steps that only gave politicians more profits while mortgage company profits were slashed by over 60%. Then, the same congressmen and senators that created this overcharging had the nerve to ask "Why is the industry shrinking so much?" I actually laughed out loud when I first heard that. In 2006 I met with Congressmen Barney Frank and Jim Langevin in Congressman Langevin's office, and proposed legislation that would have eliminated "bait-and-switch" tactics at absolutely no cost to the consumer with the use of a form I titled "Five day prior to closing disclosure". Both men were noticeably impressed and carried my idea to congress where it died a miserable death. I had to imagine what the end result would have been if I also introduced a "disclosure fee" that, naturally, would have been "regulated" by the politicians. (Translation: They get a "piece."). I didn't allow it and both men agreed that there shouldn't be a fee, but I still wonder. You're absolutely right when you say "get rid of all these job killing and business regulations." You prove every day that Justanidiot is anything but.

Old friend, have a wonderful Thanksgiving.

Happy Thanksgiving everyone.

Rick Corrente