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<blockquote data-quote="59 Dano" data-source="post: 2937387" data-attributes="member: 23516">What was he supposed to do?&nbsp; It&#039;s not like Democrats (or anyone else for that matter) were clamoring for him to put the brakes on the real estate and financial industries in the middle of the housing boom.&nbsp; If you&#039;re a guy who makes good money from that stuff, are you going to ask someone to cool it off when it gets hot?&nbsp; If you&#039;re a poor person who gets a crappy loan, are you going to turn it down when it allows you to get the house you want?&nbsp; If you&#039;e a middle class guy who has an opportunity to refi and cash out the equity and pay off other debt, isn&#039;t that desirable?&nbsp; If you&#039;re some guy who watches Flip the House all the time and you think you can do it just like they do, don&#039;t you want the cheap, easy money that allows you to play real estate tycoon?No one wanted anything to change because there was a perceived benefit to just about everyone.&nbsp; Never mind that no one saw it coming that soon and that harshly.</blockquote>

[QUOTE="59 Dano, post: 2937387, member: 23516"] What was he supposed to do? It's not like Democrats (or anyone else for that matter) were clamoring for him to put the brakes on the real estate and financial industries in the middle of the housing boom. If you're a guy who makes good money from that stuff, are you going to ask someone to cool it off when it gets hot? If you're a poor person who gets a crappy loan, are you going to turn it down when it allows you to get the house you want? If you'e a middle class guy who has an opportunity to refi and cash out the equity and pay off other debt, isn't that desirable? If you're some guy who watches Flip the House all the time and you think you can do it just like they do, don't you want the cheap, easy money that allows you to play real estate tycoon? No one wanted anything to change because there was a perceived benefit to just about everyone. Never mind that no one saw it coming that soon and that harshly. [/QUOTE]

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