Reply #31: Asking for deregulation doesn't mean you have the power to undo it [View All]

[Idealism]

Congress voted for it to be done, so it came to be. Lobbyists did their job trying to bring about that vote but they didn't cast the ballots, neither did the CEOs they represent. Stop trying to blame corporations for playing by the rules the government rewrote for them. They were doing what they thought was good for business, which is intuitively bad for taxpayers. Its the governments fault for allowing us to be subjected to these failures.

And in the beginning, because the interest rate was so low, renting and buying was roughly priced the same, but when home prices jumped, renting did not because home values were a mix of speculation and demand for home ownership, whereas renting wasn't.