Ron Paul warned about the housing bubble in front of the House Financial Services Committee .
Gramlich says ex-colleague blocked crackdown on predatory lenders despite growing concerns , Wall Street Journal , Greg Ip , JUNE 9 , 2007 In September 2003 , at a hearing of the United States House Committee on Financial Services , Congressman Ron Paul identified the housing bubble and foretold the difficulties it would cause : `` Like all artificially-created bubbles , the boom in housing prices can not last forever .
United States housing bubble