How Low Can It Go?

[That Guy]

i knew people were getting in houses they couldn't afford 5 years ago... i'm sure i'm not the only one, and i'm sure someone actually connected the dots to the bad investments before it exploded too.

the housing bubble was actually made worse by bush/congress wanting to lower interest rates and taxes that fueled rampant home buying on bad financing.

no one did anything to stop it, and thats on bush/congress/the bank lobbyists that all took part in letting it happen.

[firstdown]

Originally Posted by That Guy

i knew people were getting in houses they couldn't afford 5 years ago... i'm sure i'm not the only one, and i'm sure someone actually connected the dots to the bad investments before it exploded too.

the housing bubble was actually made worse by bush/congress wanting to lower interest rates and taxes that fueled rampant home buying on bad financing.

no one did anything to stop it, and thats on bush/congress/the bank lobbyists that all took part in letting it happen.

Sorry Bush tried to get more regulation on home lending but Barney Frank and company had other ideas. The banks where forced by the goverment to give loans that where bad from the start. The reality is that it was a combination of all that got us in this mess and all should take equal blame.