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A comment on When Irish Eyes Are Crying. Parent comment

Re:When Irish Eyes Are Crying by yequalsx on Friday February 04, 2011 @01:49PM (#2180602)
Yeah, it's hard to convince people that the CRA was not responsible for the real estate collapse. There were property bubbles in Spain, Ireland, Britain, etc. The CRA was responsible for those, obviously.

It's easy and natural for one to want to collapse a complicated issue into something manageable and understandable. Even if there is no evidence for it.

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Re:When Irish Eyes Are Crying by WalterBright on Friday February 04, 2011 @02:40PM (#2180827)
Holding interest rates artificially low, and very favorable tax treatment for real estate investments and gains, clearly added a lot of air to the bubble.
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