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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (35188)7/12/2005 1:18:12 PM
From: John VosillaRead Replies (1) of 306849
 
"The administration will continue to monitor" developments in the housing market, Bernanke said. "However, our best defenses against potential problems in housing markets are vigilant lenders and banking regulators, together with perspective and good sense on the part of borrowers."

Anyone think perspective and good sense on the part of the borrower has increased in recent years? Or that lenders and bank regulators have actually been vigilant? What a bunch of bs. The fact that no one wants to admit reckless lending and borrowing on the consumer and residential RE sides have reached heights never seen before shows how desperate our leaders are to keep this reflation policy going.
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