Housing - White House considers banning home foreclosures

Thursday, February 09, 2012




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White House considers banning home foreclosures

Friday, February 26, 2010
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From Zero Hedge:

Yesterday it was announced that the government is taking the first step in a plan to virtually ban foreclosures - a step that can only be classified as capital markets suicide. Today, Rosenberg explains why.

In March 2008, I published a report titled “Capitalism Takes a Sabbatical.” If only that were the case. I really can’t believe what I just read on Bloomberg News.

In a nutshell, the White House is considering...

Read full article...

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Topics:		Housing \| Government Stupidity \| Real Estate

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