> RoMunn wrote: > swaps system. The swaps thing needs to be solved because it is a systemic > vulnerability. The housing crisis will eventually solve itself as prices get > low enough for people to buy, but that may leave millions of people out of > their homes, which counts as a a crisis in my book. >
Really? No "barney frank is satan" or "fannie and freddie ..." Wow. If you're gonna be all rational and reasonable then I suppose I have to: I agree, there definitely is a "housing crisis". It, and our credit crisis, was fueled by a combination of horrific *democratic driven* GSE policy (and there's PLENTY of truth to fannie/subprime thing, except the GSEs never made a bad loan, just bought MBSs which was actually worse but that's another story) and complete head-in-the-sand management by the Bush administration. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:291407 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
