Speculators didn't buy multiple dwellings with any assumptions they were 'protected' by government. This was clearly a LACK of regulations and oversight by government.
Of course. And in a way I agree with you. The only way government intervention in our economic decisions really works is to go all the way, with a full blown state-run economy.
It's the vague middle ground that's killing us.
You must believe the Soviet Union was a smashing success. The state run economy doesn't work either, and for the same reason the government intervention doesn't work.
See what happens when someone provides the facts that bripat's beloved Wall Street banksters were the cause of the financial meltdown. THEN, the ONLY conclusion is to run out the polarized argument...the ALL or NONE, black or white...either TOTAL deregulation or TOTAL government control...no moderate position can be accepted.
So, do you think the half-baked regulatory state is working well? You were the one calling for more regulation.