http://www.mortgagenewsdaily.com/11282008_robert_shiller.aspRobert Shiller , a well-known economist and professor at Yale University, said the ongoing financial crisis could last for years. He said blaming monetary policy for the crisis is simplistic and misleading, and called for three solutions to prevent aenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/11282008_robert_shiller.asp#34776Mon, 01 Dec 2008 17:22:21 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:34776yousaid whatPlease tell me that there was much more sophisticated thinking expressed in this speech than made this article. Solutions such as (1) government-sponsored financial advisors and (2) mortgages that automatically drop when the value of the real estate drops are completely asinine. (1) Who is going to listen to a low-paid government financial advisor? Why should I pay higher taxes to provide for new financial advisory services for others - particularly if I&#39;m already paying for a poorly-run education system that&#39;s not teaching people how to manage their money? (2) Does my mortgage automatically go up when the price of my home increases? Does the government pick up the tab when values go down or do banks just adjust mortgage rates as a result of this increased risk? If we&#39;re going to hold people accountable for making reasonable investment decisions, why would we need a system that automatically gives everyone a break? I agree that &quot;group think&quot; is a recurring problem, but I don&#39;t think the policies outlined by Shiller will produce meaningful improvements. Would welcome more insight - he&#39;s clearly a bright guy. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=34776" width="1" height="1">