Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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From: David C. Burns	10/12/2010 11:13:09 AM
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Obama Calls the Question on Geithner Housing prices are declining again, despite record low mortgage interest rates (available only to blue chip borrowers), which creates a serious drag on the economy. And the housing market won't return to normal until the mortgage mess is resolved. But the belated recognition that millions of mortgages are inadequately documented could be a blessing in disguise. It could force the administration to come up with stronger medicine both to clean up the banks and to help distressed homeowners. huffingtonpost.com

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