Government created this crunch, and the Dems are most responsible. They have let reform plans languish in congress in favor of initiatives to address imaginary global warming.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
It sure did, with years of easy money. Now we are supposed to believe the solution to the easy money bubble is more easy money. There is no question the administration pressed the fed for a short term tonic to suppress the symptoms until after the next election.
I am for solid reform that eliminates a lot of the “shark” behavior of the “WS” crowd. I don’t like bailing out the well connected who have taken advantage of the “stupid”. A fair profit based on sound economics is fine. When you watch cable shows like “flip this house” and see the unwarranted increases for marginal to no improvements in a property, you wonder if sound economics is possible in this country. PT Barnum seems to rule.