CoverIsBetter

Reappointing Bernanke Is a Mistake

Thank you for saying some things that really need to be said.

IMHO - the collapse of the real estate bubble did not have to take the carnage it took. You bolster my stance on this, by reminding us that the FED raised rates way too high at way too fragile a time.

"raising rates all the way up to 5.25% in June 2006"

Just as this was happening, I was getting flyers from my local NAR saying "real estate in Fairfax never goes down". It was not long after that, the bank was recalling my line of credit.

Thanks again for venting this suppressed fact. They never should have suffocated the market for money when they did.