2008-05-07 — housingdoom.com
In spite of the devastation, there were no "hurricane prevention" bills. Congress recognized that while the emergency response could be improved, hurricanes cannot be prevented.
We are now facing a devastating storm in the housing market. Unlike Katrina, this storm cannot be considered an "act of God". Mistakes by government, lenders, buyers and builders caused it- but it cannot be legislated away. Housing will not be "rescued", but Congress continues to try:
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