Are these actions going to correct the inflated home prices caused by sub-prime lending? NO.
Are these actions going to create a pool of buyers who are able to qualify for financing on the purchase of homes at these inflated prices? NO.
Are these actions going to reverse the decline in both new and existing home sales? NO.
What a crock. The damage has been done.
“The damage has been done.”
What damage, and who caused it? What do you propose should have been done and when?