http://online.wsj.com/article/SB119741050259621811.html?mod=mktw his argument actually makes more sense than 'greenspan likes to print money' I'm still waiting for gold bugs to prove that low short-term interest rates created a housing boom
Causes of crisis. -American dream --- Spend $$ u don't have to buy $hit u don't need to impress people you can't stand -Greed on both consumer and lending side -Countrywide's 1% teaser rate predatory lending practices
I blame all these on Soviets and socialist; who give out free housing and free medical care; so we have to compete with free loan. What jokes!.