HousingPANIC Stupid Question of the Day

Would the housing bubble (and now crash) have even happened if it were not for the Real Estate Industrial Complex's corruption of our public officials?

Here's a starter list - feel free to add to it..

* Mortgage interest tax break
* $250,000 / $500,000 cap gains exclusion
* No oversight of toxic lending
* No oversight of mortgage brokers, appraisers or realtors
* "Friends of Angelo" obvious bribery
* Rampant NAR, NAHB and NAMB PAC payola payments to corrupted Congressmen
* Eminent domain used to favor developers over property owners
* Politicians whose main asset is real estate attempting to put a floor under falling real estate prices with a massive taxpayer-funded housing bailout