I disagree bailing out the REIC either! People should be responsible for what they signed and borrowed.
I disagreed with the low 1% fed funds rate a few years ago, not only now. We had NO vote since the Fed made the decision. I assume all the Fed’s memebers were ones of the smartest and most knowelgageable people in finance. Most of us here could predict the housing bubble, but the Fed’s members could not. Do you think they were qualified being the Fed’s memebers?
We can’t go back to the past, but we can’t forget the past. If we don’t realize the cause of the bubble, we will let the policy makers (few people) to commit the same error and create another bigger bubble for the whole population. We have not vote, but I hope they can hear our voices.
I know a lot of people support Greensapn. My friend said he was the “King of Enocomy” and the “best chairman” in the history. He lowered the interest rate and made all Americans had better lives and got rich from their houses!
I totally respect people’s own opinions! We all have the rights to express our own thoughts.
