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Editorial
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Posted by Jack Powers - Dec 17, 2011 - 11:58 PM PST
Reviewed by:
Jack Powers (review), Bob Herrschaft (review)
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Jack Powers - Dec 17, 2011 - 11:59 PM PST
The report was necessary even if it supports what one reviewer says"everyone knew', since Congress needs evidence to act and special interests are holding back on releasing housing inventory that was foreclosed upon. Speculators and those who used their homes as "ATM machines" need to be separated from those that got caught in the crunch and legislative pressure needs to be applied to force the banks to release inventory at a reasonable market value with interest rates favoring ... More »
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At the peak of the boom in 2006, over a third of all U.S. home purchase lending was made to people who already owned at least one house. In 2007-2009, investors were ... More »
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