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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (8489)2/7/2012 8:53:32 PM
From: Steve Lokness  Read Replies (1) | Respond to of 85487
 
<<<<The only thing to fix the housing issue is to let the market clear. Prices have to drop to clear the market>>>

I do not disagree with that other than to say Obama, or any president, that allows that to happen without trying to give at least the appearance of doing something, will pay a heavy political price. Obama is trying to thread the needle, but it is a limp thread.



To: Bearcatbob who wrote (8489)2/7/2012 9:03:21 PM
From: Murrey Walker  Read Replies (1) | Respond to of 85487
 
Prices have to drop to clear the market.

With Fannie and Freddie holding (I would guess) most of the secondary market, what do you think the chances are of that happening?

Regardless of who is president, both GSE's are into the taxpayer big time.


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