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

To: ChanceIs who wrote (164501)	11/15/2008 9:42:50 AM
From: Jim McMannis	Respond to of 306849

No, It was all Bush. g

To: ChanceIs who wrote (164501)	11/15/2008 10:23:48 AM
From: bentway	Read Replies (2) \| Respond to of 306849

I just don't buy that. IBD is a house organ for the RNC.

To: ChanceIs who wrote (164501)	11/17/2008 5:00:02 PM
From: Perspective	Respond to of 306849

Do you think the government was putting a gun to Novastar and New Century, forcing them to write subprime loans? That wasn't my impression. What about all the Alt-A that destroyed IndyMac and Downey? Were those the fault of government as well? HELOCs? Those too? I really find it hard to believe that government policy lay at the root of the RE bubble, except inasmuch that it encourages home ownership over renting via the mortgage interest tax deduction and RE cap gains allowances. The major government fault as far as I can tell was the extreme lack of oversight on the use of leverage in mortgage-backed securities. `BC