North Korea threatens to withdraw from summit with Trump

[Bengalzona]

(05-16-2018, 11:18 AM)StLucieBengal Wrote: 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.

Housing bubble was because lending institutions found ways around long-standing regulations which had protected the banks and consumers by introducing new investment products such as derivatives, etc. and by reducing qualification requirements for housing loans.

Hard to be successful trying something new when you completely ignore the lessons of the past. As Paul Harvey once said, "Mozart couldn't have created the genius works he did without knowing about Bach's music."

That's how this plays into North Korea, where we are 'trying something new'.