How the mortgage bailout has simply lengthened a recession.
Modify it baby. The Obama administration loves to tell you how bailouts and mortgage modifications have stabilized a paralyzed industry. This is simply not true. Throughout history it has been proven that only truth can set you free, and this applies to finance as well. When Obama and the Sec. of the Treasury decided to prop up housing by creating special loans and incentives for less than reputable buyers, they have only lengthened the amount of time it will take for a market correction. Because once again, there are false positives. The housing industry has not settled, it has simply been buffered. These are not one in the same. Any real estate agent worth their merit will tell you that there are cyclical market fluctuations. Dabbling in the system, as the government did with Fannie/Freddie (giving less desirables loans to buy homes). with government regulations and quotas simply makes the system inoperable. All markets fluctuate. That is how bad assest and losses are weeded out. You...