Obama: We didn't intervene enough in housing markets

``We need to get the federal government away from the drawing board. If anything, the past two years demonstrated just how badly these interventions foul up the needed corrections that will restore the housing markets to health. If Obama wants to do something positive for housing markets, he needs to reduce the regulatory growth that has choked job creation in order to create qualified homebuyers in the long run, as well as rescue current homeowners on the foreclosure bubble.''