[jikelly]

Originally Posted by dew22

On the one hand the author makes the case that if we only had regulation we'd be fine but then goes on to site as an example the real-estate market debacle, a situation largely influenced by the Govt. telling banks how to conduct business.

McCain:
The catalyst for this housing crisis was the Fannie and Freddie Mae that caused subprime lending situation that now caused the housing market in America to collapse.

I am convinced that, until we reverse this continued decline in home ownership and put a floor under it, and so that people have not only the hope and belief they can stay in their homes and realize the American dream, but that value will come up.

I found that statement interesting. How does he propose doing that?