Kathianne
12-03-2011, 03:24 AM
I'm guessing, but seems to me RSR and others involved in mortgage market would agree with this:
http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s
Federal Housing Authority Poised to Re-Sink the Economy (http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s) Tim Cavanaugh (http://reason.com/people/tim-cavanaugh) | December 1, 2011
Back in the innocent days of 2007 or so, it was customary for experts to say that housing had led the recession and housing would lead us out. Whatever measure of truth there may have been in that cliché, the reality is that by refusing to accept the real estate correction as the healthful and decades-overdue solution it is (http://reason.com/archives/2008/12/23/houses-of-pain/singlepage), America’s leaders have created a new dynamic: Housing led us into the recession, and it continues to lead us into newer, deeper and more destructive recessions...
http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s
Federal Housing Authority Poised to Re-Sink the Economy (http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s) Tim Cavanaugh (http://reason.com/people/tim-cavanaugh) | December 1, 2011
Back in the innocent days of 2007 or so, it was customary for experts to say that housing had led the recession and housing would lead us out. Whatever measure of truth there may have been in that cliché, the reality is that by refusing to accept the real estate correction as the healthful and decades-overdue solution it is (http://reason.com/archives/2008/12/23/houses-of-pain/singlepage), America’s leaders have created a new dynamic: Housing led us into the recession, and it continues to lead us into newer, deeper and more destructive recessions...