This policy of low down payments led to a disaster in 2008. But that does not faze Congress. Bubbles are popular. They always pop. Then politicians pass laws that start the process over again. “This will not create a new bubble. Trust us.” Americans trusted them before. They trusted Greenspan, who said it was not a bubble. They will trust Congress again.
Thursday, February 14, 2013
The Tea Party Economist reports:
Posted by Steve Bartin at 8:28 AM