[quote=DWCAP]…The irony of the fact that stabilizing housing prices is reducing affordability was totally lost on them.[/quote]
These guys know exactly what they are doing. “Stabilizing” home (and stock) prices is a euphemism for keeping the bubble inflated. Adding affordability to that mix just means subsidizing buyers enough up front so they can pay more for the house. The idea is to keep transferring money from new buyers and taxpayers to existing homeowners for as long as possible.
They know all this, very, very well. They just don’t want those new buyers to catch on.
