The Housing Disaster was Created by Government.
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youre forgetting that economic growth means prices hikes on houses, people dont even live old enough to pay a house off as it is,l while youre enslaved a life time paying it and it gets paid when youre due to kick the bucket, makes life insignificant and pointless
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You should change the title of your video to, "I Know the Government Is Complicit In the Housing Meltdown, But I Don't Really Know Why".
The commodity bust of the 70's lead to the stealing of farmland where Wall Street financed and built 25 Million unneeded new homes (diluting the housing stock) before they put housing prices on steroids with irresistible finacing. You didn't even mention $55 Trillion in Credit Default Swaps, and the FED's 17 rate hikes in '05-'06 that tripped the switch
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@rogerandgunner fractional reserve banking is not the cause of the housing, or any other particular bubble...but it is certainly a part of the overall FED problem.
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lol glad I could help.
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Your economic sense saved not only you but my ass as well since now you are one less person that get's bailed out with my tax dollars. :-)
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SWEET GOOD IDEA
SEE MARY CROFT, right up your alley
cheers,no home no tax,iam kool
i did not buy the lie,KOOL
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you need to look up fractional reserve banking in order to understand why we have the bubble.
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I believe it was engineered myself, its causes the "problem" creates "the reaction", and then offers "the solution"
And the One world government and currency is exactly where they want to go with things (thats no secret) and they needed the right situations to get us there.. "Ta da"
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This swinging dick almost got a loan but decided to play it safe and live within my means.
UcanbeGOD 2 years ago 3
You're absolutely correct. Banks did this because they knew they could dump off their bad loans to Fannie who could get more capital at a lower cost (read: lower interest rate via the Fed) thus reducing the amount of loans in the bundle that needed to pay.
rjg82070 3 years ago 3