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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (68576)9/5/2007 11:57:40 AM
From: mishedlo  Read Replies (3) of 116555
 
Still More Absurd Ideas To Fix Housing
globaleconomicanalysis.blogspot.com
The list of absurd ideas to fix housing keeps growing. The Fed is proposing loan service companies modify the terms to prevent foreclosures. Since when can servicer providers do that? All the arguments for housing including demographics and "home prices never fall" are now busted. Everyone with a pulse bought one or more homes during the bubble. Who needs another one?

Mish
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