Is the US ripe for another market collapse?

This editorial first appeared in The New Bern Sun Journal. The editorial does not necessarily reflect the views of the Cheney Free Press editorial board.

Minutes before 2 a.m. on Sept. 15, 2008, Lehman Brothers became the biggest U.S. company ever to file for bankruptcy. The collapse of this New York investment bank five years ago touched off a panic that sent the stock market down – and the housing market down and out for years.

A bubble in the real-estate market, after inflating for a decade, went pop. Values plunged for the most important investment held by everyday Americans as housing suf...