tag:blogger.com,1999:blog-13164186.post5617930655353186318..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Dean Baker's View of the Housing BubbleDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13164186.post-872829269331377052008-07-30T15:22:00.000-04:002008-07-30T15:22:00.000-04:00This subject was the topic of a recent Newsweek ar...This subject was the topic of a recent Newsweek article. Should the government bail out lenders? The upside of government help is obvious. But the downside is that lenders may not be as careful about whom they’re lending to, knowing that they will always be bailed out by the government. Another interesting point: lenders are private institutions…until they get into trouble. Then, suddenly, they are public institutions relying on the government (and, ultimately, taxpayers) to bail them out. Where is the accountability? To avoid this mess, Long and Foster Real Estate has established a long-term partnership with Prosperity Mortgage, whose reputation is unimpeachable. Homebuyers can rest assured that they – and their investment – are protected, and agents have the satisfaction of knowing that they’ve made a great recommendation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-42568248337413621282008-07-22T09:48:00.000-04:002008-07-22T09:48:00.000-04:00The problem with your view is that the then-curren...The problem with your view is that the then-current orthodoxy was mostly unchallenged even in relatively liberal outlets like the New York Times. Even during the Clinton years, the ruling view was encapsulated in the "Washington" consensus, which advocated minimal market intervention. Alas, it seems that only a financial disaster of this scope can shake policymakers out of their torpor.Dupontguyhttps://www.blogger.com/profile/03824073964095252513noreply@blogger.com