re: #412 Gus 802

Don’t you think it’s more likely that low interest rates promulgated by the FED lead to the housing bubble? That’s what Greenspan admits at the end of his book. Bush did not want to reign in rates, because that would have slowed the economy. He made other economic mistakes too, but the housing crash was the worst, since it triggered a collapse. Financing tax reductions with deficit spending was a dumb idea in the long run too.