61

We will have to disagree

62

You would have to go back in time and see it for yourself for many years to get it.

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63

The Don is on it.

WW

64

Sounds heavy-handed and cuckoo.

65

Sadly, the Fed manipulated the housing market in TWO ways.

  1. Artificially lowered interest (FFR) as many have noted
    &
  2. Dramatically increased their purchases of mortgages (MBS)

When the free market said “No more mortgages. The market’s too hot,”
the Fed responded by increasing its buying.

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66

The Fed currently owns 30% of all US mortgages (MBS)

Since they used to own only a tiny percent, the only way that happens if if they spent a few years buying MORE than 30% of all the new mortgages.

Whatever crisis is happening in housing. It was not caused by banks. It was not caused by the free market. It was caused by the lack of a free market.

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