Solution, let banks, builders and individuals go broke. Let prices drop. The FED is owned by member banks, so they are just bailing out themselves without regard to the inevitable collapse of the dollar. There is no "shock" to the system to get it going again, only defalation (not likely) or hyperinflation (likely). We are trying to cure a hangover by getting drunk again.
The general public is clueless...ahh
Feds low rates and Community Reinvestment Act that mandated banks to give mortgage to those WHO CAN"T AFFORD them!
BlueSkies360 3 years ago
Homer Simpson is guilty !!!
Good Question here and stupid sheeple answers
underpalmtrees 3 years ago
1. Federal Reserve
2. Fannie & Freddie/Frank & Dodd
3. Wall Street & Bankers
4. Home builders
Solution, let banks, builders and individuals go broke. Let prices drop. The FED is owned by member banks, so they are just bailing out themselves without regard to the inevitable collapse of the dollar. There is no "shock" to the system to get it going again, only defalation (not likely) or hyperinflation (likely). We are trying to cure a hangover by getting drunk again.
prescottbill 3 years ago