Great lies..

[jertheber]

Governments support of housing prices simply reflect the business as usual routine for a government that owes it soul to the money interests, banks and mortgage investors have the biggest stake in keeping home prices artificially high. Government makes profit possible, when the screws tighten those on the lowest rungs feel the pain first, as ignorant as it seems most of those fools who bought homes on the "miracle" plan really felt they could manage the debt somehow, those doing the selling were stellar in their performance as the purveyor of happiness and the American way. A well regulated capitalism is not ever going to be the kind we have, American's prefer the cowboy style of boom and bust..........

[mysticaltyger]

Originally Posted by jertheber

Governments support of housing prices simply reflect the business as usual routine for a government that owes it soul to the money interests, banks and mortgage investors have the biggest stake in keeping home prices artificially high. Government makes profit possible, when the screws tighten those on the lowest rungs feel the pain first, as ignorant as it seems most of those fools who bought homes on the "miracle" plan really felt they could manage the debt somehow, those doing the selling were stellar in their performance as the purveyor of happiness and the American way. A well regulated capitalism is not ever going to be the kind we have, American's prefer the cowboy style of boom and bust..........

Actually, I'd say we have the worst of both worlds....poor or non-existent regulations that lead to boom/bust or, alternatively, regulations that unncecessarily limit competition, and stifle economic growth and innovation.