01-18-2009, 12:22 PM
"There is another culprit that I want to mention, because I thought about this many times starting about 7 years ago when things were starting to boom on the mainland: the Fed (Alan Greenspan at the time, now Bernanke) has toyed with our finances by adjusting the Fed fund rate to accomplish whatever it's own agenda is. Greenspan kept the interest rates too low for too long, and it fueled the housing bubble."
I agree with you and at the risk of getting a "Keep it Hawaii" from Rob I'll add another very sneaky but large contributing factor and it's the de-regulation of the lending practices of the last 20 years, and yes it goes against both sides of the isle as well as the last 4 presidents (not terms).
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
I agree with you and at the risk of getting a "Keep it Hawaii" from Rob I'll add another very sneaky but large contributing factor and it's the de-regulation of the lending practices of the last 20 years, and yes it goes against both sides of the isle as well as the last 4 presidents (not terms).
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young