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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (37354)8/2/2005 12:32:52 AM
From: Jim McMannis  Read Replies (2) of 110194
 
RE:"I am furious that a combination of forces has allowed this to happen (FED, Congress, FNM, banks). I am not sure "allowed" is the right word. Planned debt slavery might be a better word."

I figure there is a certain % of people gnashing their teeth and holding their breath but there is a greater % of people who are happy about their home price and new found ATM...they in fact don't really know what's going on to drive up prices. The same people believe its all real and prices won't go down.

Then there are a smaller number of people participating even more in the flipping, RE industry and mortgage industry.

I'm not sure why all this is being allowed other than to makes the majority of people feel warm and fuzzy and Congress all owns second homes that they potentially cash in on later.
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