25
Nov
08

bailout for home construction industry???

perfect – let’s inflate yet another hollow housing bubble by building fannie/freddie on steriods.

Excerpt:

Everyone is coming to Washington with their hands out these days, and the home builders are no exception. The builders are pitching Congress on a two-hundred-and-fifty-billion-dollar stimulus package designed to lower mortgage rates (via federal subsidy) and encourage home buying (via a tax credit). Until home prices stabilize, they argue, there’s no way for the financial markets really to settle down.

http://www.newyorker.com/online/blogs/jamessurowiecki/2008/11/do-we-really-ne.html

Advertisements

0 Responses to “bailout for home construction industry???”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s


rss feed (click icon below)

Advertisements

%d bloggers like this: