Of course the answers are all no. In a free market the asset valuations are a simply function of supply and demand.
Wake up dude… it is not about the real estate market it is about the securities and homes are the assets. Those valuations need to be maintained because of the choices made in 2008. Look back to the early 90s and the RTC. Liquidation of assets was the correct way to deal with the problem. Now look to 2008. Liquidation did not occur. My god it is not that hard to understand.
The govt programs are in place because the govt has no choice. When the moment of truth came back in 2008 for the govt to let the institutions all sink, the govt blinked. They chose NOT to let them sink.
If you have ever read my posts I was all in favor of letting it all go to hell, let them sink, let the market reflect the true asset values and let it start fresh. Plenty of other posters cite that what the govt did was the best move because it was the only move. Frankly I call bullshit to that but that doesn’t really matter now does it.
All the govt programs are in place because that is the only way to perpetuate the essential fraudulent asset valuations by market manipulation. So in essence those programs have been perpetuating that fraud so yes they are working.
