The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (176681)	1/13/2009 11:53:59 AM
From: GraceZ	Read Replies (2) of 306849

Clearly the Fed made huge mistakes but they did it at the bequest of the elected officials who demanded eternal prosperity from monetary policy (the dual mandate). The elected officials were simply answering the demands of the people to protect them from economic pain at any cost. Can't run housing up (or any bubble for that matter) without the complicity of the people who participated by buying at ridiculous levels.

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