ST Alpha - "BTW way we didn't tighten markets we loosened them." (Reading a Post)

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In response to "it's a perfectly applicable analogy." by Reagen

BTW way we didn't tighten markets we loosened them.

Posted by the lioulu with crappy mag (aka liioulu) Nov 23 '09, 18:53

More houses were being sold, more being built and as a direct result of lower interest rates. Housing sales and starts are very important statistics in determining the health of the US economy and there was no way they'd do anything to change that by tightening laws and they weren't. And so many companies and banks wanted in they ignored or even flouted the laws to offer people who couldn't really afford to buy houses even at those low rates loans they couldn't afford at terms that weren't made clear or were even outright lied about. And those low rates made it all easier for everyone to fool themselves that they could afford it.

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I'm aware - that's my point. It was the relative lack of regulations that caused it. -- nm - Reagen Nov 23, 18:56 1
- If you read my posts I also said that. there was more than one reason. there were many and I did say that. -- nm - the lioulu with crappy mag Nov 23, 18:59

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BTW way we didn't tighten markets we loosened them.

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