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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (128901)	12/17/2012 11:07:04 PM
From: Cautious_Optimist	Read Replies (1) \| Respond to of 149317

We can't ignore the broad conspiracy that made created all the insane capital leverage that became the liar loans... And the various brokers, appraisers, lead generators and bankers who profited from commissions and fees, with every transaction... Home equity as a tax free ATM, some refinancing several times:year. The flipping of homes, sometimes without as much as an inspection, In other words the gross greater-fools boom and last ones at the top bust phases of capitalism, built on fraud that paid off well to some, while others well-connected to the Bush Administration that fed the beast got bailed out at the top while Main Street was left with less net worth and a smaller pie to feed off of going forward.

To: RetiredNow who wrote (128901)	12/19/2012 3:18:50 PM
From: John Vosilla	Respond to of 149317

Government ism't choosing the winners and losers in housing just force feeding capital into the markets via these artificially low rates. If weatlhy people are buying depressed markets for income or overpriced Manhattan, London and Vancouver as political safe havens instead of putting private equity money into real business startups that is the free market at work. Bernanke and company didn't want every other RE market to crash in the past 3.5 years the way the ground zero markets had already fallen by the time Obama became president. Seems spreading out the pain over a very long cycle to avoid great depression 2 was for the greater good.... High end overpriced markets will crack when interest rates do rise substantially..