Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Real Estate Bubble "aid-ers and abetters" in this tragic scenario:

1. The Fed (via low interest rates)

2. Fannie/Freddie (aka "sodom and Gomorrah") for providing way too much liquidity via MBA and holding mortgages directly

3. The private MBA and banks doing the same as above

4. The suckers who are buying the MBS issued by the above

5. The appraisers who are allowing themselves to be pressured into making outrageously high appraisals

6. All the speculators mentioned in these articles we post

7. The "regulators", who only recently have decided to tighten down on the:

8. Mortgage companies who are making ever-more bizarre and over-the-top loans to pile in:

9. Every sub-prime hoser and their brother

10. Finally, the media who have breathlessly reported about all the 'instant millionaires"

Sad, pathetic, and will all end in tears. Luckily, all risk is "socialized" these days so the taxpayer will bail out all of these entities.