Neither Should Be Left In Charge

clipped from www.ritholtz.com “From the article: “We should begin by breaking the cycle of deteriorating housing values and resulting foreclosures…” I have my own take on this. We should begin by breaking the cycle of lies, obfuscation, and resulting bullshit. Anyone who believes the solution to the problem of artificially high home prices is to keep the home prices artificially high is either: 1) in complete and total denial that artificial demand created the artificially magnified prices to start - in other words, an idiot or 2) is a thief and liar who knows the truth but continue the lies and thievery anyway - in other words, pathological. In either case, neither should be left in charge.