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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (106117)	2/22/2008 9:25:39 AM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Greenspan says the fall of the Berlin Wall caused the housing bubble, LMAO.

To: John Vosilla who wrote (106117)	2/22/2008 10:28:10 AM
From: Tommaso	Read Replies (2) \| Respond to of 306849

Unfortunately, the way that mortgages have been removed from local ownership, packaged, and resold has turned what should be a set of problems between private parties into a national or even international problem. When no one knows what to do, all sorts of crazy explanations develop. >>>Some far right wing kook on the radio yesterday was actually blaming Carter for the subprime mess<g> <<< Sure, Habitat for Humanity is a communist conspiracy to ruin America. <G> Poor people just need their asses kicked. If we had gone ahead and started a nuclear war with Russia twenty-five years ago, everything would be fine. Every queer pinko quiche-eating tree-hugging weirdo would be in a concentration camp with their balls cut off. No more of that left-wing public radio, either. Life would be good if it hadn't been for Carter.

To: John Vosilla who wrote (106117)	2/22/2008 11:05:53 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Community reinvestment legislature from the late 1970's 'forcing' banks to lend in poor minority neighborhoods..Please we can blame poor Jimmy for some things but this is ridiculous" If those laws were used to get people into toxic mortgages 30 years later I'd say it's another case of the "rule of unintended consequences." Not as bad as the 1997 law though. Congress can be the most damaging force against a free market there is.

To: John Vosilla who wrote (106117)	2/22/2008 12:02:43 PM
From: XBrit	Respond to of 306849

Some far right wing kook on the radio yesterday was actually blaming Carter for the subprime mess Hell, you could make a decent argument for blaming Thomas Jefferson. That stuff about "the pursuit of happiness" in the declaration of independence is at the root of all this. Americans have been led to believe they have an inalienable right to good times and Plasma TV's. Historically, Europeans KNOW they're supposed to be kind of mildly miserable, and so they stay level-headed. Course the UK has got a bit US-infected recently. Lot of "happy" people there nowadays.