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  • The Economy, And Why It's Taking So Long to Fix It [View article]
    Yea, and it could be the government, specifically the Democrats like Barney Frank, who opposed ANY regulation of the home mortgage GSE's so that lots of unqualified "poor" folks could buy expensive houses...


    On Feb 27 05:15 PM Thadeus Thornton III wrote:

    > ---> "The Housing Bust. We know now that we’ve been living through
    > a classic bubble in the housing market, where frenzied buyers sensing
    > a rush bid prices far higher than they should have gone. So the market
    > crashed. And now everybody wants to know when home prices will stop
    > falling. " <---
    >
    > Yes, well, it couldn't have been the Real estate and banking crowd
    > that encouraged this kind of irrational exuberance could it? Granted,
    > I wouldn't have paid $560,000 for a 1400 sq/ft, 1960s ranch home
    > in San Diego. But people DID have to live somewhere. Where were the
    > regulations to rein in this kind of risky loan making and home valuation?
    Feb 27 18:06 pm |Rating: +12 -5 |Link to Comment
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