Two Things created conditions
A. Increased M-3 Total Money Supply by-- 720B--
per year 2001-2006
Stopped showing M-3 in reports in 2006.
Prior high was-- 330B-- in one year
Bush Sr got increase of 59B per year
Why 720B for Dunya?
In six years increased M-3 by 4.3T versus
5T prior 20 years.Why?
4.3 in 6 years, while 5 in 20???
B. Interest Rates
Clinton had 6.5%
Bush got 1%
Plenty of money available
Banks borrow at 1%-- loan at 6% + = loan loan
loan = easy money
Begging Developers to build, build, build
Developers built homes too large and too expensive
for Middle class incomes
Price of average size home increased-- 68%--
in six years.
Middle Class Income increased slightly
Inflation increase was about 18%
I see no crime except if a Realtor misled a buyer
Profiteering. Yes. Plenty. But no crime.
Clarence Swinney, Political Historian
Clarence, I see crime everywhere.
They sold $200K houses for $500K, got paid their $500K,
then the housing market crashed and the super-rich kept their profits.
The easiest way to tell if a crime has been committeed is to just find
if the Bush bastards had a hand in it - that's a guarantee a crime's
Back to Bartcop.com
to Bart | Discuss
it on The BartCop Forum | Comment
on it at the BartBlog