Housing Market Crash Predicted By Ron Paul and Alan Greenspan
PressMediaWire.com
The inflation and subsequent collapse of the residential real estate market was facilitated by the Federal Reserve over nearly a decade. From the late 1990's when the technology bubble burst until early 2007 when investors began to realize how much bad debt had actually been created in the housing market, interest rates were kept artificially low, while capital poured into suburban sprawl and subprime mortgages.
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Posted by Editor at May 8, 2008 08:29 AM
