This calls for an explanation of the speculative market in housing. What drove the prolonged bubble was the easy access to buyers. The loan requirements were deliberately manipulated by government mandate. They lowered the requirements and that allowed the number of people that could qualify to increase. That made the number of houses still sought by buyers to increase. That caused the prolonged extension. The bubble collapsing was artificially propped up for a time.
Actually I agree with you.
But this I don’t: “The current attack on Greenspan by Obama’s minions is just part of the overall assault on capitalism by the communist in chief.”
Brooksley Born is not a Obama plant. She is not an anti capitalist. She’s the one that takes the red herring off the trail. She’s the government worker with the credibility to show where the truth exists. You are still following the red herring. They want you to not see this. They want you to think it’s an Obama plot so you wont look at it. It wont kill you to look past your suspicions. The liberals took a government enterprise and turned it into their cash cow. Then they sent us a bill when it fell apart. Killing off capitalism is tangential and is what makes them tick. They were only in this for the money. It was pure greed. They used government to set themselves up as capitalists. That’s what they are afraid of coming out. You are only helping them do that. It was a planned rip off from the start. They new that it was too big to fail. The bail out money came back. The stimulus money became deficit spending that would never be paid back.
“Brooksley Born is not a Obama plant. She is not an anti capitalist.”
But even anti-leftists are useful to the left if they turn against an enemy of the left. They use people that way.