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: patron_anejo_por_favor who wrote (258299)	7/3/2010 1:13:08 PM
From: koan	Read Replies (2) of 306849

Well, this whole subject is very complicated and confusing. I will grant you that. I was glad to see the congress is forcing the fed to open up. I am not a huge fan of the fed. Greenspan was a major problem as he had so much power and kept interest rates low and believed in unregulated capitalism. He was a follower of Ayn Rand, which is nuts, IMO. Reason: corporations are sociopathic (no conscience) by their very nature. Their only goal is making money. So society needs to provide the conscence by regulating them. Otherwise capitalism undermines our democracy. Matt Taibbi of rolling Stone, did a long expose of Goldman Sachs and he blames them for the last few bubbles? Interestingly, many top economic thinkers today think economics is evolutionary in that how economies work depends on how societies evolve ergo it is a fluid science? Very complicated. But in the end, any good society does not let the children starve, or go without sheltor and education when it has the means to prevent it.

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