tag:blogger.com,1999:blog-3294580951502585066.post2383344795925619983..comments2023-10-18T19:32:44.252-07:00Comments on It's just my opinion, I could be wrong: Bernanke is funnyNickhttp://www.blogger.com/profile/05587036619182019599noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3294580951502585066.post-27935573363676200202008-12-09T07:43:00.000-08:002008-12-09T07:43:00.000-08:00This is another facet of the government’s view tha...This is another facet of the government’s view that the economic problems are really just a problem of confidence. That’s why Paulson argued that the government could buy up mortgage-backed securities and the taxpayers might actually see a profit from it once the crisis is over and investors realize how foolish they were for not snapping up those troubled mortgages. <BR/><BR/>Here Bernanke is showing another side of this same view. If we could just slow down the foreclosures, housing would be more expensive (and justify mortgage holders waiting to foreclosure). There’s no thought that maybe there is a surplus of housing and that’s why it’s not expensive. It must be a technical factors, not fundamentals. When things get more expensive, though, it’s all fundamentals.CJhttps://www.blogger.com/profile/05824987036580158137noreply@blogger.com