Tag

housing crisis

If the Gov’t. Treated Housing the Same Way it Treated Wall Street . . .

Double-Standard?  And How!  If the U.S. government handled the housing crisis the same way it treated Wall Street after the 2008 financial crash (emphasis on “treat”), here’s what would have happened: 1. It would long ago have purchased — at inflated cost(!) — the homes of every underwater homeowner in the country; 2. It would then...
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Memo to Big Banks: ‘Clean Up Your REO Inventory . . . or We’ll Do it For You!’

The Case for RTC II (“RTC²?”) It seems increasingly apparent — at least to this observer — that what lies in our collective future is some sort of successor to The Resolution Trust Corporation (“RTC”). It was the RTC, of course, that successfully dealt with (and disposed of) all the foreclosed commercial properties left in the...
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