How many of the other candidates recognized the housing bubble in 2005?
I don’t expect a presidential candidate (or president) to know everything. I want a president who surrounds himself with the best and the brightest in their fields (and are people who aren’t afraid to give honest assessments).
I did.....
I moved from Michigan to New Mexico in early 2005, and in looking for a house was shocked on what had changed in the 7-8 years since I had last bought. I had also interviewed in Orange County California before taking the job in NM, did research on housing there, and thought there was NO WAY I would take a job out there, the housing market just didn’t make any sense.... New Mexico was bad, but not nearly California insane.....
Part of it I was moving from an area of Michigan were pricing was flat over 1998-2005, where everywhere else it was up 50-100% plus.....
Maybe he can get his bosom buddy Bawney Fwank on his show and ask him when HE knew, since Bawney insisted right up until they collapsed that Fannie Mae and Freddie Mac didn’t need oversight.