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The number of culprits is almost infinite. While President Carter started the issue with the community reinvestment act, we all, as Americans, created the issue.
For some strange reason we believe that all Americans deserve to own a home, have children and health care. The result is that we forced banks to make poor loans. We tax working people ever more and then ask them to give health care to the laziest portion of society at the expense of our children.
There is no right to own a home. There is no right to a living wage or health care. When we make false "rights" for people, we take away the needed drive to push forward. When there is no drive to move forward and a right to the finer things of life. You get chaos and failure. Other countries certainly promote our desire to implode. It makes their lives easier. If America fails, every other country wins. When we wish to make friends with other countries, the easiest way to to promote our failure.
Being greedy and wanting to make friends with other countries is the problem. Everyone is to blame.
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∙ 14y ago
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What are the reasons for stock market crash?
margin requirement Democrats forced banks to make loans to people who could never have qualified otherwise. Predictably, they could not make their payments popping the housing bubble.
What is the Official Gum of The MLB?
In 1998, Bubble Yum became the first official bubble gum of major league baseball.
What year was bubble gum invented and where was bubble gum invented?
1928 by Walter deimer
What is the name of the first bubble gum called?
In 1906, Frank Fleer invented the first bubble gum called Blibber-Blubber gum. However, the bubble blowing chew was never sold. In 1928, an employee of the Frank H. Fleer Company, Walter Diemer invented the successful pink colored Double Bubble, bubble gum. inventors.about.com/od/gstartinventions/a/gum.htm
What is the Housing Act?
The latest one, the Housing Act of 2004, updated the housing standards of earlier versions.
When did the housing bubble burst?
Greed.
What was Delaware type of housing?
delaware housing is made of bubble gum
How have bank mortgage rates changed since the housing bubble has burst?
Since the housing bubble burst, bank mortgage rates and decreased. This makes it more affordable for people to get a loan and be able to purchase a house.
What are three sentences for the word bubble?
She blew a huge bubble.The housing bubble burst. The ill boy lived in a bubble to prevent infections. Do you have any bubble gum?
What is the average cost of a house in 2002?
The average cost of a new home in January of 2002 was $187,600. There was a housing bubble in the United States that started in 1998. The bubble peaked in 2006. In 2007, the bubble burst.
Is dallas real estate affected with the us housing bubble?
The real estate of every city is affected by the U.S. housing bubble. Dallas hasn't been affected any more or less by this than other cities, so the whole country's in the same boat.
How to impose harsh penalties on the culprits?
put the culprits into jail for long time,it can be awareness for them.
What is the resent crisis in economics?
Recent crisis is the outcome of housing bubble in the market, which got busted in 2007-08
What does the housing market look like for Hampton VA?
The housing market for Hampton, VA is on the rebound. The housing bubble has lowered the market when compared to a few years ago. However, in recent monthly comparisons, the Hampton, VA is showing improvement.
What does culprits mean?
culprit- it is the person who did it
Who were the culprits of the black death?
The rats
Predicting the Housing Bubble?
I’m reading Nate Silver’s outstanding book, “The Signal and the Noise: why so many predictions fail – but some don’t”. Nate Silver, for those unfamiliar is a statistician whose work encompasses everything from baseball statistics to econometrics and political elections. In the 2008 elections, he correctly called the presidential election for 49 out of 50 states, as well as all 35 elections for U.S. Senate seats. So Nate is someone who understands how to analyze huge datasets and come out with accurate predictions. He talks about the U.S. housing bubble, which went largely unreported by the mainstream media and the financial press until it was too late. Does that mean the housing bubble was a complete surprise to everyone when it burst in 2008? Not at all. Silver points out that economist Robert Shiller had written about the housing bubble in his 2000 book, “Irrational Exuberance”. Also, there was Dean Baker with the Center for Economic and Policy Research, who warned of the housing bubble in 2002. In 2005, The Economist, the world-renowned economic newspaper, called the housing bubble the biggest bubble in history. In other words, this housing bubble which spawned or exacerbated a global financial crisis was totally foreseeable. Indeed it was foreseen by many economists who were making their points about it in the literature. One of the criticisms often leveled at those in academia is that they’re out of touch with the true workings of reality. Economists who sit in ivory towers are said to be working with models of the world that have very little in common with the real world. But this is said by those “on the ground”, working in the field. When the predictions of the academic economists proved to be right and the people in the field were taken unawares by the housing bubble, it causes one to question that viewpoint. So perhaps the best course of action for those of us neither on Wall Street or working in the Economics department at a University is to steer somewhere in the middle when it comes to whose models to believe.
