Why, when the gummint does it, of course.Remember what caused the housing bubble, and what exacerbated the meldown?The single biggest reason was banks being "encouraged" by the gummint (no one else would be capable of stupidity on such a profound level) to extend loans to borrowers who wouldn't normally qualify for the amount of money they were borrowing, and when the borrowers defaulted, the dominoes began falling. Whoa, big surprise, huh?Yeah -- if you're Barney Frank or Chris Dodd. Now, the reason our economy is in deeper kimchi than during any other recession we've had is because of the mortgage...
Read the complete post at http://www.thedonovan.com/archives/2011/08/when_is_a_shake.html
Posted
Aug 01 2011, 11:30 PM
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Argghhh! The Home Of Two Of Jonah's Military Guys..