What caused the Housing Bubble Burst?

 

“The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline.” – Rick Santorum

 

Gee… I thought it was the big banks making unsupportable loans to unqualified people.

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on February 28, 2012, in budget, Business, campaign, Economics, election, government, Lies, Opinion, Politics, quote, Warning and tagged , . Bookmark the permalink. Comments Off on What caused the Housing Bubble Burst?.

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