Economist’s View: Financial Regulatory Reform: How Does It Help, How Does It Hurt?

May 3, 2011

The tendency from the panelists is still to blame the consumer for buying houses (or derivatives) thy should not have. But it was the presence of lots of money looking for an outlet to invest in that led to cheap money. Each purchaser of a house saw that prices were going up on ALL houses (true) and the press and financial leaders were bullish about its continuing. The individual house buyer would have had to stay were they were, couldn’t move for a job for example, because they faced nothing but rising prices. I think individuals, even with less education, basically understood this system, a system riggeed against them.

Posted at Economistsview

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