[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.
For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]
I agree.
The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.
Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.
And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉
But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]
Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.
Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.
