3 ms·
> The problem here isn't "more government" The problem is government -- period. This whole situation is the result of government manipulation of credit and a
by kingkongrevenge 18y ago
> The problem here isn't "more government"
The problem is government -- period. This whole situation is the result of government manipulation of credit and a long running policy to deliberately inflate the housing market.
How could anyone be so naive as to think the current problem is lack of government involvement? The housing inflation was deliberate policy. Also, it's a deliberate policy that has blown up before!
http://www.scoop.co.nz/stories/HL0709/S00238.htm http://www.scoop.co.nz/stories/HL0709/S00238.htm
Read that link and tell me it's remotely possibly to expect the federal government to affect better outcomes in markets. It's about how exactly the same shit that's going down now in the lower end of the housing markets ran in the 80s, because of criminal government enterprises.