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  • February 7, 2009 at 8:36 PM #342688
    cr
    Participant

    You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.

    But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.

    The Gov’t should stay out most of the time, but there are exceptions.

    Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.

    February 7, 2009 at 9:11 PM #343134
    gandalf
    Participant

    Yeah, big-time cause of current situation.

    Seems like we’re going through a process of ‘re-calibrating’ our values and government, kind of like back in the 80’s when Reagan arrived on the scene.

    February 7, 2009 at 9:11 PM #343260
    gandalf
    Participant

    Yeah, big-time cause of current situation.

    Seems like we’re going through a process of ‘re-calibrating’ our values and government, kind of like back in the 80’s when Reagan arrived on the scene.

    February 7, 2009 at 9:11 PM #342699
    gandalf
    Participant

    Yeah, big-time cause of current situation.

    Seems like we’re going through a process of ‘re-calibrating’ our values and government, kind of like back in the 80’s when Reagan arrived on the scene.

    February 7, 2009 at 9:11 PM #343024
    gandalf
    Participant

    Yeah, big-time cause of current situation.

    Seems like we’re going through a process of ‘re-calibrating’ our values and government, kind of like back in the 80’s when Reagan arrived on the scene.

    February 7, 2009 at 9:11 PM #343162
    gandalf
    Participant

    Yeah, big-time cause of current situation.

    Seems like we’re going through a process of ‘re-calibrating’ our values and government, kind of like back in the 80’s when Reagan arrived on the scene.

    February 16, 2009 at 11:03 PM #347560
    HLS
    Participant

    With govt intervention and manipulation of mortgages and rates, and stimulus incentives via tax credits and moratoriums on foreclosures, any of the future statistics for sales and foreclosures compared to past stats will be completely meaningless, but the govt and media and NAR will use them to twist the facts.

    I’m expecting some bizarre increases which will be (attempted) used to promote a turn around, when in reality there is probably more downside and pain in many areas.

    It will no longer be an apples to apples comparison.

    February 16, 2009 at 11:03 PM #347881
    HLS
    Participant

    With govt intervention and manipulation of mortgages and rates, and stimulus incentives via tax credits and moratoriums on foreclosures, any of the future statistics for sales and foreclosures compared to past stats will be completely meaningless, but the govt and media and NAR will use them to twist the facts.

    I’m expecting some bizarre increases which will be (attempted) used to promote a turn around, when in reality there is probably more downside and pain in many areas.

    It will no longer be an apples to apples comparison.

    February 16, 2009 at 11:03 PM #347998
    HLS
    Participant

    With govt intervention and manipulation of mortgages and rates, and stimulus incentives via tax credits and moratoriums on foreclosures, any of the future statistics for sales and foreclosures compared to past stats will be completely meaningless, but the govt and media and NAR will use them to twist the facts.

    I’m expecting some bizarre increases which will be (attempted) used to promote a turn around, when in reality there is probably more downside and pain in many areas.

    It will no longer be an apples to apples comparison.

    February 16, 2009 at 11:03 PM #348029
    HLS
    Participant

    With govt intervention and manipulation of mortgages and rates, and stimulus incentives via tax credits and moratoriums on foreclosures, any of the future statistics for sales and foreclosures compared to past stats will be completely meaningless, but the govt and media and NAR will use them to twist the facts.

    I’m expecting some bizarre increases which will be (attempted) used to promote a turn around, when in reality there is probably more downside and pain in many areas.

    It will no longer be an apples to apples comparison.

    February 16, 2009 at 11:03 PM #348130
    HLS
    Participant

    With govt intervention and manipulation of mortgages and rates, and stimulus incentives via tax credits and moratoriums on foreclosures, any of the future statistics for sales and foreclosures compared to past stats will be completely meaningless, but the govt and media and NAR will use them to twist the facts.

    I’m expecting some bizarre increases which will be (attempted) used to promote a turn around, when in reality there is probably more downside and pain in many areas.

    It will no longer be an apples to apples comparison.

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