Dad2three
Gold Member
- Thread starter
- #161
You can call him a loon all you want, he was 100% correct and knew what was happening while morons like Krugman were pushing for a real estate bubble due to moribund investments. Regardless of that, the real estate bubble was pumped, as explained by Paul, when the NASDAQ bubble burst. That was 2000-2001. THAT is when the bubble was being pushed to the danger point, as was warned. And less than 5 years later it came true with 100% accuracy on why by Paul.
But anyone who isn't fucking retarded, must be a loon.
I'm done with you now, shit stain. You've proven to be too stupid to debate this issue with. Toro proved it before, I just did it again and yet you persist. You're insane.
Got it, you'll hang onto right wing bullshit and lies. Krugman didn't do that, BTW, ANOTHER right wing lie. I'm shocked
Another Day, Another Slander of Krugman
Subprime mortgage lending jumped dramatically during the 2004-2006 period preceding the crisis (source: Financial Crisis Inquiry Commission Report
Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.
http://www.tobinproject.org/sites/tobinproject.org/files/assets/Fligstein_Catalyst of Disaster_0.pdf