Home › Forums › Other › OT: Public Employees Bankrupt yet another California City: Stockton › Interest rates and enabling
Interest rates and enabling selling blocks of REO’s to Big investment houses.
Also Ben (official statement) denying that QE had any effect on Stock market and housing.
These aren’t the droids you’re looking for.
Really there was no pressure applied to banks (not).
In a larger sense, even without housing you would still need a fair amount of inflation to monetize these debts.
Housing is just the most direct way to inject money into state coffers.
