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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
That article brings up some very interesting points. What does the repeal of the Glass-Stegal Act have to do with the current crisis? I have not heard an actual explanation linking the two, just vigorous assertion.
ReplyDeleteMore importantly, the more regulation argument ignores the global nature of the housing bubble. Just wait until Canada and Europe start having real problems because of their housing bubbles. They have more regulation on their banks. It isn't helping them.