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re: States run by Republican governors boast highest economic growth rates
Posted on 8/20/14 at 2:13 pm to inelishaitrust
Posted on 8/20/14 at 2:13 pm to inelishaitrust
quote:That had to do with artificial demand created by government-backed loans.
You do however, want to keep supply in check lest you end up with a 2007 housing bubble collapse.
2
Posted on 8/20/14 at 2:17 pm to PrimeTime Money
quote:
That had to do with artificial demand created by government-backed loans.
Thats another good example of democratic government leadership regulation. Regulations on banks to give loans for homes people couldn't afford in the first place.
Posted on 8/20/14 at 3:43 pm to PrimeTime Money
quote:
That had to do with artificial demand created by government-backed loans.
Which came first? The chicken or the egg? Who do you think lobbied for those loans? Poor people? or the builders and banks?
They wanted to sell the houses, collect on the mortgages, forclose on those who couldn't afford the homes giving them the money and the property. The problem is that everybody was playing dirty, and when everybody cheats the system breaks and all the banks got caught with their hands in the cookie jar. Then the taxpayers bailed them out, and nearly nobody went to jail.
So the banks fricked our economy and got a slap on the wrist for it.
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