Quote:
Originally Posted by legion
Is the liquidity crunch not caused by the housing market?
|
I would go further by stating it has nothing to do with
helping those who could not afford the house in the first place, and everything with maintaining a liquid credit market.
Fixed.
You are correct. Although the politicians will try to take credit for it, the rate cut was not done to "fix" the housing market. There is no quick fix- it will take years to correct.