Residential Real Estate: Erosion Ahead [View article]
Blame assignation:
The other four on his list - along with the regulatory decisions that he also called "incredibly incompetent" - in the following order were:
1) The Federal Reserve's easy money policies early this decade, 2) the Fannie Mae and Freddie Mac mortgage mess from coziness with Congress, 3) overdoing encouragement of affordable housing for low-to-mid income Americans, and 4) too much reliance on sub-prime mortgages to put many people in their own homes.
-
Blame assignation:
Dec 04 08:52 am
|Rating:
0
0
All Comments by billp37 »Residential Real Estate: Erosion Ahead [View article]
The other four on his list - along with the regulatory decisions that he also called "incredibly incompetent" - in the following order were:
1) The Federal Reserve's easy money policies early this decade, 2) the Fannie Mae and Freddie Mac mortgage mess from coziness with Congress, 3) overdoing encouragement of affordable housing for low-to-mid income Americans, and 4) too much reliance on sub-prime mortgages to put many people in their own homes.
www.kvbc.com/Global/st...