9.27.2008

Whose fault is it?

I wouldn't put it in such partisan terms, and I'm not so enthusiastic about McCain, but this video is entirely factually consistent with what I know about the housing bubble.

Watch the whole thing. Especially if you are even considering the possibility of voting for Obama.



... and this C-SPAN highlight reel of Democrats blocking regulation of Fannie Mae and Freddie Mac.

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QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...