Blame it on the Fed. The property bubble was created through massive infusions of cash into the money system by the Fed through their easy money policies. Interest rates were (and still are) too low for too long and much of the easy money went into real estate speculation. Ron Paul is right, Congress needs to audit the Federal Reserve Bank!
Blame it on the Fed. The property bubble was created through massive infusions of cash into the money system by the Fed through their easy money policies. Interest rates were (and still are) too low for too long and much of the easy money went into real estate speculation. Ron Paul is right, Congress needs to audit the Federal Reserve Bank!