John O’Donnell joins Merlin and special guest Peter J. Wallison for a look at the root cause of the housing market bubble. Most perceived it to be the lenders and the banks, but Peter was behind the scenes and offers the truth behind it all. This rings loud and clear after the fact, and frightening now because the situation has not been resolved! There are also other areas in our current markets which are approaching “bubblish” levels! John and Merlin also take a look at the Fed tapering news and how it might impact the markets going forward.