Wisconsin Recap: Thanks to Obama, American Left Lies in Smoldering Wreckage

[Sekhmets Daughter]

29. Actually Greenspan's

monetary policy did indeed create the bubble known as "home equity" value.... Many people recognized that Greenspan was creating a dangerous bubble in credit of which the housing bubble was part and parcel. People who have owned real estate over the past 4 decades knew it was happening....many just didn't care. Whenever interest rates are low housing prices go up and when interest rates are high, housing prices tank. The Fed's current refusal to raise interest rates is to keep people in the stock market and to keep housing prices from tanking even more.