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Had it not been for immigrants, there had been no housing crisis in Oslo.
--
Published in TV 2 (25 June 2008)

 

Carl I. Hagen

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Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.

 

Ron Paul

 

These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.

 

Barney Frank

 

As to what to do for the housing industry specifically and are there things that you can do to encourage housing: One is, don't try to stop the foreclosure process. Let it run its course and hit the bottom.

 

Mitt Romney

 

Paul is not an anti-capitalist... Paul opposes the separation of Church and State... Ron Paul loathes black people... he is a hate-spewing presidential candidate aligned with some of the most blatant, odious racists on the planet... In Paul's fuzzy logic, all immigrants are here to suck the country dry of its welfare, education and emergency healthcare systems. If it was up to Paul, those systems would be voided for not only undocumented, but for documented immigrants as well... he is a candidate that hates immigrants.

 

Ron Paul

 

Forget the Bar-Ilan University speech, forget the virtual achievements in his last visit to the United States; this is the real Netanyahu. No more claims that the Palestinians are to blame for the failure of the Oslo Accords. Netanyahu exposed the naked truth to his hosts at Ofra: he destroyed the Oslo accords with his own hands and deeds, and he's even proud of it. After years in which we were told that the Palestinians are to blame, the truth has emerged from the horse's mouth.

 

Benjamin Netanyahu