06-24-2009, 01:00 PM
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#4
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Hall of Fame Poster
Join Date: Jan 2007
Posts: 22,665
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Re: Barney Fannie & Freddie Are Back
Quote:
Originally Posted by BelichickFan
The housing market can't "recover" to prices that were too high. Any recovery, by definition, artifically prices houses again. Round and round we go with Barney.
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EXACTLY BF!!!
Barney Frank and all our elected officials should attempt to never again allow an economic "Bubble" to exist. They are not good for the economy since all bubbles must burst.
Recessions are good for economies. They restore balance and confidence in markets that were previously WAY out of balance. You'd think Frank would be smart enough to understand this.
Relax lending standards??? Are you sh1tting me? One of the goals for a recovery to happen is to restore confidence in our financial institutions. To do that, these institutions MUST revert to the tried & true lending standards that will allow this to happen.
The man is a fool of the first degree.
P.S. The basic question our lawmakers should be asking is, "why on earth are ANY condo's being built right now?" HELLO?
Last edited by PatriotsReign; 06-24-2009 at 01:03 PM..
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