It was so easy to ride the roller coaster. The housing industrial complex was cheerleading people to get on board. Realtors, lenders, appraisers, home builders, were involved in it's promotion.Cheap and easy credit was extended allowing anyyone to ride. You could even ride the roller coaster with your ARMs flopping everywhere. Al Greenspan designed the interest rate portion of the roller coaster. The housing industrial complex made huge sums of money from the roller coaster.
Now the ride is almost over, and the damage is apparent. Many people are already vomiting from this crazy roller coaster. More people will vomit as they go into foreclosure. It is time to clean up this sad mess.
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