Courtesy of Calculated Risk, a fantastic example of the government’s inability to grasp the root cause of our economic woes: The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress…”They’re probably going to need a bailout at some point because they’re making [...]
Archive for September 4th, 2009
Stop Digging
Posted in Housing Crisis, Housing Policy, Meltdown, Tim Geithner on September 4, 2009 | 13 Comments »
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