Reply #52: Even the financial "gurus" concede there is a bubble

[lastliberalintexas]

Indeed, even Greenspan has said such a thing. The financial sector doesn't really mind a "controlled" crash as much as you seem to think they do. Such a situation means that they are again able to make money off the same piece of property after foreclosure, and they rarely actually lose money on the resale. Some of them refer to it as a "readjustment" or some other euphanistic phrase rather than a crash or bubble bursting, though.

Now, an "uncontrolled" crash is of course another story altogether.