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haqq002

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haqq002

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Tuesday, 09/17/2013 9:52:56 PM

Tuesday, September 17, 2013 9:52:56 PM

Post# of 796792
BOOM WSJ -FNMA is not to blame-

"There is no doubt what really happened. Between 1997 and 2007, HUD's affordable-housing policies under two administrations built an enormous mortgage bubble—nine times as large as any bubble in modern history—and when this bubble collapsed, it caused a 30%-40% decline in housing prices."

http://m.us.wsj.com/articles/a/SB10001424127887324576304579073111289821626?mg=reno64-wsj
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