Why the Government Is Desperately Trying to Inflate a New Housing Bubble

By Patrick   Follow   Sun, 24 Mar 2013, 4:21pm   361 views   3 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like (4)   Dislike  


Simply put, the TBTF banks would not exist without the Federal Reserve and Federal government bailouts, subsidies and protection from transparent marked-to-market pricing of the banks' collateral and risk. The basis if this partnership is simple: the banks' enormous profits and financial power have enabled them to capture the regulatory machinery of the government (the Central State) and the political machinery controlled by its elected officials.

Viewing Comments 1-3 of 3     Last »     See most liked comments

  1. taxee

    88 threads
    El Cerrito, CA

    1   5:59am Mon 25 Mar 2013   Share   Quote   Permalink   Like   Dislike  

    Ahhhh! The joys of counterfeiting!

  2. fedwatcher

    Valencia, CA

    2   1:00am Tue 26 Mar 2013   Share   Quote   Permalink   Like   Dislike  

    With a 70% consumer driven economy and much dependent on housing purchases and new appliances, furniture, etc. The Fed and the administration wants to blow another housing bubble as over 64% of voting households are 'homeowners'.

    We live in a political economy driven by politics and not sustainable economics.

    Get over it and become a debt serf as Uncle Sam wants you to be a debt serf. Just because rents of single family homes are falling is no reason for you to continue to rent and be able to move to where the jobs are.

    No! Uncle Sam wants you to buy a $600,000 house in California with RV parking so you can buy that RV to live in while you work in North Dakota where there are jobs but no housing.

  3. APOCALYPSEFUCKisShostikovitch

    Befriend (27)
    444 threads

    3   1:08am Tue 26 Mar 2013   Share   Quote   Permalink   Like   Dislike  

    Die, TBTF, fucking Die!

Premium member Patrick is moderator of this thread.



Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 5 milliseconds to create.