{"id":27996,"date":"2016-04-10T21:29:42","date_gmt":"2016-04-11T01:29:42","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=27996"},"modified":"2016-04-10T21:30:07","modified_gmt":"2016-04-11T01:30:07","slug":"once-is-a-mistake-twice-is-a-decision","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=27996","title":{"rendered":"Once Is A Mistake–Twice Is A Decision"},"content":{"rendered":"

Yesterday The New York Post<\/a> reported that the Obama Administration is making the same mistakes that led to the housing market collapse of 2008. One of the major causes of the economic collapse of 2008 was the amount of money borrowed for housing loans that was not going to be paid back. There were a number of causes of the problem. The economy had been good for a while, interest rates were reasonably low, people had moved into bigger houses, and banks were pressured to give loans to people with questionable credit and unsubstantiated income. As gasoline prices doubled, many of the people who had taken out loans that were on the edge of their ability to repay found themselves unable to make the payments. The banks, in turn, sold those mortgages as if they were going to be paid back, and they were not paid back. The YouTube video<\/a> Burning Down the House<\/a> provides one of the best explanations of the cause of the 2008 collapse that I have seen. I am posting it here in case YouTube takes it down:
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