A Quizzical Quote From Barney Frank

Here is a story from The New York Times of October 8 that discusses the situation at the FHA: http://www.nytimes.com/2009/10/09/business/09fha.html?pagewanted=1&_r=2 What I found particularly interesting in this story was a quote from Barney Frank, the chairman of the House Financial Services Committee: “I don’t think it’s a bad thing that the bad loans occurred,” he … Read moreA Quizzical Quote From Barney Frank

FHA

On Tuesday The Wall Street Journal published an editorial on the FHA (Federal Housing Administration).  I found it to be a good overview of the situation there.  The editorial can be found at this link: http://online.wsj.com/article/SB10001424052970204488304574428970233151130.html I find this FHA situation highly disconcerting, especially in light of how similar situations have played out, and are playing out, … Read moreFHA