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

To: Jim McMannis who wrote (245822)	4/27/2010 3:51:13 PM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

Still you didn't answer the question at all Jim. What would you have done differently if you were Fed Chairman during the crisis in late 2008 to avoid another great depression? Or for that matter Treasury Secretary or even president? Fannie/Freddie, the bankers, wall street, realtors, mortgage brokers, speculators, the public who felt entitled, congress, repeal of Glass Stegal and especially regulators on both the federal and state level at fault for causing the mess in 2003-06...you are speaking to the choir here as I was on this board for many years with you on all this stuff. Do any of you here realize that 'conservative' Texas avoided much of the housing mess because they limit equity extraction on real property to 80% loan to value and that their real estate millage rates are the highest in the country. All this discouraged real estate speculation and reckless behaviour..