Will the housing bubble burst? Our socialist mortgage system and easy money policy have created a dangerously inflated housing bubble that, if pricked, could take the economy down with it.(Economy)

Wise men, we are informed by the most authoritative Source of wisdom, build their homes on a rock; the foolish build theirs on sand. For decades, millions of Americans have been building their homes on a financial bubble created by the Federal Reserve's loose money policies. The housing bubble, in turn, has inflated a huge consumer credit bubble as homeowners, exploiting decreases in Fed-controlled interest rates, have repeatedly refinanced their mortgages to consolidate debt. The inevitable bursting of those bubbles may result in an unprecedented financial catastrophe.

The twin engines pumping credit into the housing market are the Federal National Mortgage ...