[Intolerant in NJ]

“We’ve been through another crisis, the S&L (Savings and Loan), where banks indeed held long-term mortgages on their books," said Susan Wachter, professor of real estate and finance at the University of Pennsylvania’s Wharton School. "That’s a recipe for disaster.”...no, the recipe for disaster was when the government started messing around with the established laws which had determined the conditions under which many people had taken out their loans and budgeted their savings and other investments - among other things it abolished the passive investment credit for real estate which immediately sucked the value out of many of the mortgages the S&L's had on their books, and many of them went under - if government would stop interfering - excuse me, regulating - people could start making investments in the economy including housing which would be longterm and stable, far from disastrous.....

[CutePuppy]

... if government would stop interfering - excuse me, regulating - people could start making investments in the economy ... based on standard financial and economic parameters, not the ones distorted and created by politicians and bureaucrats, for their own political benefits.