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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (229745)11/21/2009 12:41:00 PM
From: neolibRead Replies (1) of 306849
 
Yeah, but I call that stupidity as well.

... 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.
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