Editor’s Note: Nobody wants to hear it. The housing market is dragging the government and the economic future of this country down the drain. For decades the FDIC has followed a model of dismantling failed banks by letting healthy banks take over the assets. Despite the calls from Sheila Bair at FDIC, we are clearly […]

Tags: FDIC, housing prices, mortgage backers, principal reduction, securitization chain, Sheila Bair, TARP
Posted in bubble, Corruption, Eviction |