1/22/08

Pointing Fingers

The mortgage industry, collectively and in general, does not appear to be 'choosing a new what-if' for itself at this point in time. For those of us left in it, it's beginning to feel like a sinking ship; instinct calls for moving as quickly as possible to the part of the ship that promises to sink last. Out of that surrounding sense of panic comes the following New York Times quote.

"A wave of lawsuits is beginning to wash over the troubled mortgage market and the rest of the financial world. Homeowners are suing mortgage lenders. Mortgage lenders are suing Wall Street banks. Wall Street banks are suing loan specialists. And investors are suing everyone."

Nice, huh? One commentator in the article called the situation a 'multi-ring circus'. The whole thing reminds me of a sarcastic quote from a history teacher I had back in high school: "If we all push our way to the front of the line, we'll all get our lunch first."

Good thing I'm still sitting on that flotation device...

3 comments:

TheKupkaFamily said...

Funny that you should write about this today. Michael and I were just talking about the same thing. I have always had an ungrounded fear of money and money issues. The thought of a lost job or poor economy has been a BIG fear of mine since the birth of my children. I am reminded though, God is so faithful!! I can look in my past and see Him there every step of the way. He has always taken care of me. He has not given us these children and then just going to turn and walk away without provinding for them. Isn't He a great God worthy of our trust. Not that He had to, but I think He has earned it and is deserving of it? He is a good God!!!

-V- said...

Amen, Stas - right there with you. I think the situation certainly is fueled by fear. Perhaps it could become less of a multi-ring circus to the extent people do as you've done: acknowledge that none of us are perfect in the area of trusting God instead of money (I think struggle in that area would be a common one amongst us), but still, choose instead to put our heart's trust in the One worthy to be trusted...

Pam said...

This has been a big lesson for me. Andy has suffered four layoffs in the recent past. Both times, with young children. Those years were a true test of faith. At moments I failed to trust God and really wondered if we'd ever get out of a sinking ship. Now things are more settled, and yet I still struggle with the "what ifs" and how to prepare for a landslide. In spite of him being self employed, it's the most peace I've felt for a long time.

I can't live under the stress and fear anymore. God is in control and what happens, happens.