Saturday, May 5, 2012

Bruce Judson: Let's Risk Destroying the Housing Market and Any Economic Recovery!

Bruce Judson: Let's Risk Destroying the Housing Market and Any Economic Recovery!: "The economic crisis began with the housing crisis, and it will only end when the housing crisis also ends. Unfortunately, the evidence of the past five years suggests that the Obama administration and Congress have never actually understood this connection. Despite massive numbers of foreclosures, the loss of almost $7 trillion in housing wealth (over one-half the nation’s home equity), and even unprecedented pleas from the Chairman of the Federal Reserve, there has been a shocking paucity of innovation or even policy activity in the housing arena."

'via Blog this'

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