Decisions on policy like any decision can have intended and un-intended consequences. It’s not possible to understand or anticipate all un-intended consequences. This is why we have public forums to vett ideas, concepts and decisions that have far reaching effects.
On Monday, we understand that the Treasury will make a decision on Real Estate Owned (REO) assets controlled by HUD, FDIC, Fannie Mae and Freddie Mac. The power to liquidate these properties may change. It’s our understanding that they will (the gatekeepers) be able to auction properties. The exact process is not yet known, at this point. There are still many questions that are unanswered but that will change on Monday the 3rd of August when new information will be available.
While from my personal point of view, this seems wrong I could in fact be proven wrong. The real point of this particular post is to point out that with every decision comes intended and un-intended consequences.
On a very personal level, have you ever made a decision that you felt was in the best interest of all the parties only to find that the un-intended consequences negated the anticipated benefits of the decision? I’m betting you have. I personally believe that each of us and certainly our government and each of its leaders have done the same. Just because we all have done this at one time or another, doesn’t mean we shouldn’t be asking ourselves this question, “What are the intended vs. the un-intended consequences of EVERY decision.”
What are your thoughts?