05-16-2018, 11:18 AM
(05-16-2018, 11:12 AM)Bengalzona Wrote: "Regulations and enforcing immigration laws" does not necessarily equate to "the Wall" or gunning down illegals on the border. Those are conservative abstracts.
And were "easy home loans" a primary cause for the housing bubble and the Great Recession. Pretty sure most people didn't like those two things very much. But, hey, maybe some will be able to stash away enough money in the meantime to join the 2% and totally ignore the impact of future bubbles and recessions, right?
Regulatory cuts are only popular until people re-learn about the hellish situations that led to the initial regulations in the first place. Regulations just don't appear out of thin air because someone thought it would be cool to make other peoples' lives harder.
The housing bubble hit because people could use stated income. Then we also had issues in the refinancing area as well, a lot of refi to adjustable rates. Plus appraisers also played into this as well.
That being said we could have gotten out of it quicker had people been allowed to assume mortgages.
I just wished we rebooted to renew regulations every ten years to ensure they are working as intended. If they aren’t they can scrap them and write new ones. If they are no longer necessary then they can lapse.
But none of this is hardly pertinent to NK.
