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: neolib who wrote (229708)	11/21/2009 10:32:54 AM
From: bentway	Read Replies (1) of 306849

" If corruption rules, why didn't the corrupt succeed in averting more of their own problems earlier? Instead, nobody in the Government really understood the magnitude of the issues, or thought things could get as bad as they did. Thats ineptness, not corruption." Greed has a momentum all it's own. When it's pushing it's agenda, even wise heads can be turned to think "it's different THIS time"! As for the government being inept, it WAS inept, but Greenspan and the Bush administration had an ideological BELIEF that free markets would regulate themselves before they allowed the golden goose to lose it's head. They honestly BELIEVED there was absolutely no NEED to watch, let alone regulate. Greenspan had held this belief for DECADES, ever since he hung with Ayn Rand. So, they had ineptness backed by the rock ribbed certainty of ideology. politicsdaily.com The people who run the markets STILL believe this. They want nothing to change.

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