Lou Dobbs calls for less freedom

The idea that there are, frankly, idiots in both political parties saying that we should see, you know, greater freedom in the marketplace, where in the world is the comptroller of the currency? Where is the Federal Reserve? Where are the regulators and the self- policing associations to permit this kind of nonsense to go on?
--Source, Lou Dobbs Tonight last night

Repeat after me: private lenders and private borrowers are finding each other and agreeing on terms. When the borrower defaults, both parties lose. To wit: subprime mortgage lender New Century Financial filed for bankruptcy yesterday, as reported on that same broadcast.

You don't like your lending rate? Refinance. You can't find a low- or no-closing cost refinance? You ain't looking.