Warren: Housing Market Getting Worse; Obama's economic policies are working wonders (employment, banks)

[tonyandclaire89]

Hows all that hope and change socialism working out for you...

Warren Housing Market Getting Worse: Tech Ticker, Yahoo! Finance

[HappyTexan]

I agree it's getting worse. As more people lose their jobs or fail to find new ones they will fall behind in payments. They say employment will continue to get worse into next year so there's no way this can improve until after people can find employment again.

I wouldn't blame it on Obama though. This was years in the making.
I would put the bulk of the blame on greedy banks.

[kemcnyc]

I would put the bulk of the blame on greedy banks.

I think there is another layer. Greedy banks (and mtge brkrs) caused this BECAUSE of Gov't Regulation enacted to increase home ownership.

[HappyTexan]

Originally Posted by kemcnyc

I think there is another layer. Greedy banks (and mtge brkrs) caused this BECAUSE of Gov't Regulation enacted to increase home ownership.

And who do you think was behind that push to change the regs ?