Quote:
Originally Posted by finnbow
Under we get our heads out of our collective keisters and realize that supply-side economics coupled with lax regulation of the banking/securities industries caused the pickle we're in, we'll not turn the corner on this mess.
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Lax regulation is being generous. Purposeful manipulation of the market would be more accurate. Then, here comes the arrogant know-nothing part: assuming that you can direct a mortgage industry to suspend logic when underwriting mortgages - potentially assuming that tax payers would foot the bill if something went wrong - while forgetting that real estate is an investment that can rise and fall just like any other investment.
...but their intentions were good, so we'll forgive them...