Nouriel Roubini, James Galbraith, and friends beseech regulators to issue new standards for the...

|By:, SA News Editor

Nouriel Roubini, James Galbraith, and friends beseech regulators to issue new standards for the secondary mortgage market, which has all but frozen over in recent months. "The chaotic situation" resulting from the foreclosure fiasco demands immediate action, they write, "to restore the confidence needed to support a recovery in real estate markets and the entire U.S. economy."