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re: Fed Off the Hook for the Housing Bubble?
Posted on 8/5/10 at 5:40 pm to kfizzle85
Posted on 8/5/10 at 5:40 pm to kfizzle85
quote:
lax lending standards
#1 reason.
Regardless of rates, if the lending standards were not reduced due to government wrist twisting the situation would not be as bad as it is today.
We had so many criminals caught up in the real estate pump from lenders to appraisers to bankers and politicians the consumer never had a chance.
1
Posted on 8/5/10 at 5:47 pm to tygerstripes
Cheap money (low interest rates) fueled lax lending standards, so again, it all goes back to low interest rates for an extended period of time. LPhelps said it best; there was a series of things that occurred that caused the bubble, but they all invariably trace back to interest rate policy in some form or fashion.
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