implode-explode.com - Implosion News Pick-ups: FHA-Backed Lending Is a ‘Train Wreck,’ Toll Says

“Yesterday’s subprime is today’s FHA,” Toll said today at a New York conference for builders sponsored by UBS AG. “It’s a definite train wreck and the flag will go up in the next couple of months: Bail us out. Give us more money.” Toll Brothers is largest U.S. luxury homes builder.