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  • Will FHA Fall into the Sub-Prime Trap? [View article]
    FHA is following a much worse plan than even Fannie/Freddie - only 3.5% down payment. So the likelihood of failure here is much much higher, it is not likelihood anymore - it has already happened. By end of year bailout would become necessary. It is the same policies as articulated by Barney Frank - socialism, and propping up a over priced and unsustainable housing market.

    There is a lot more pain still to come on the economic and jobs front - lot more foreclosures will happen. The green shoots myth and Wall Street hype will all die its usual miserable death. You simply can't borrow or print your way to prosperity. America is the only country that still believes in this Ponzi myth.
    Oct 11 00:32 am |Rating: +1 0
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