Economic Crisis in Southern Oregon

In the days of the Old West, tracking down notorious criminals like Billy the Kid may have been tough duty, but it wasn't impossible. Outlaws like Billy would leave tracks and clues behind that enabled lawmen to pick up the trail and give chase. During the depression era, outlaws like Bonnie and Clyde and Baby Face Nelson, emboldened by the desperate times of the 1929 stock market crash, would rob banks and create mayhem only to be caught because of the blatant trail of evidence the outlaws left in their wake. But today, billions of dollars of toxic mortgages were bundled as derivatives and sold around the globe with no way to trace their value. It is a near perfect crime and so far they have been untraceable by economic detectives. Leave it to the corruptive mind to figure out a way to make lots of money in a manner that wouldn't come back to hold them accountable. Now banks are left holding toxic assets that they can't sell, not to mention the billions in toxic mortgages held by investors as derivatives. Everyone in America, including in places like Southern Oregon, Grants Pass, and Medford, finds themselves behind a rock and a hard place wondering how we're going to repair the damaged U.S. economy. For the future, there's really only one answer. Regulation. Carefully crafted regulation must be implemented designed to prevent mortgage fraud among other things. It is shameful that greed swept around the globe with money being lent to people who were not worthy of the loan or lent to those who truly did not understand the consequences of the variable interest rate. Looks like the ride is going to stay bumpy, so fasten your seat belts because the solution to this crisis is going to be rough.