<p>
</p>
<p>With all due respect, the housing bubble was not a result of marketing ploys, it was caused by the creation of artificially high credit in the mortgage market as a result of low interest rates from the Fed, requirements put on banks to extend credit to people who weren’t credit-worthy, and lax regulation of the socialized mortgage giants Fannie Mae and Freddie Max, while government-enforced use of bogus credit rating agencies to hide the risk and let it bleed into the worldwide financial system led to the recession when the house of cards collapsed.</p>
<p>Sure, there were marketing ploys, and people were getting suckered into mortgage deals they never would have gotten suckered into and buying houses they otherwise wouldn’t have bought, BUT none of this would have happened anyway had the underlying government-created credit bubble not existed in the first place. One can’t leave a ham sandwich on the kitchen counter for a month, then blame the inevitable mold that covers it for its spoilage. The fault lies with the dope who didn’t put the sandwich in a baggy and shove it in the fridge.</p>