Fact and Comment

Forbes, Steve
April 2010
Forbes Asia;2010 Special Issue, Vol. 6 Issue 4, p13
The article presents the author's views on the 2008-2009 financial crises. According to the author, unless lenders can have mortgages packaged together and sold to other investors, the amount of money going into housing even as the economy recovers will be inadequate. The author states that the U.S. Treasury Department and the White House have done enormous damage to the housing industry by muddying the distinction between various classes of creditors who lend money.


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