This reminded me of a quote from Fight Club: "Only after disaster can we be resurrected." Sometimes things need to fall apart so they can be rebuilt into something better.
The approach the United States government is taking is similar to using duct tape to fix a house. Its bringing short term stability but we may regret it in the long run.
Exactly. It remains unclear to me how the housing crisis can be "fixed" until the underlying home values fall in line with historical price:income ratios. That is, either real incomes must rise significantly, or real housing prices must decrease much more than they already have. Anything short of that will serve only to delay the inevitable.
The approach the United States government is taking is similar to using duct tape to fix a house. Its bringing short term stability but we may regret it in the long run.