RLLD

Peter Schiff on the Housing Market and the Rescue Plan

The government was the primary source of this issue, and I would prefer the government remove themselves from any potential "fix". Had they not manipulated the rates to begin with we would not be in this situation, and the typical 5-year bubble would have run its course. let the free market address the correction on it's own, and the "useful idiots" can absorb their punishment, and learn an important lesson.

Foreclosures Have Peaked and It's Time To Buy? Not So Fast

Real Estate Agents are as culpable in this mess as any other entity, attempts to absolve themselves through some justification are pathetic. The role of the RE was central to the success of this fraud as they were the facilitator between the "useful idiots" (buyers and sellers) and those that sought to exploit the lack of financial sophistication of those useful idiots.

Without the RE helping to administer and justify the fraudulent prices and loan vehicles this bubble and its resulting mess is not possible.

I find those who would absolve themselves of culpability when their role was so integral to be beyond pathric, its repugnant.