The above title comes from the WSJ, an article by Phil Gramm and Michael Solon. The recession of 08-10 was caused by the “government policy to promote housing ownership and regulators who chose to promote that policy over their traditional mission of guaranteeing safety and soundness.”
HRC has just announced that the potential first husband will be in charge of the economy, hmmmmm. It was he who threw gasoline on a smoldering fire through the regulators, his speeches, Fannie and Freddie, etc. You can see how bubbles grow, we will be in for another one.
I wish someone in Hollywood would make a movie about that.