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Peter Schiff on the Housing Market and the Rescue Plan

Peter Schiff has an excellent grasp on the reality of this situation. The market is the only entity that can correct this problem. When prices drop to the point where investers believe there is upside in investing, things will normalize. These "deals" only slow the process and keep investors on the side lines. Goverment interferance in free markets has never worked,and it will only make the current situation worse.