We didn't actually solve this problem after 2008. We blamed the banks and just kicked the can down the road. http://www.economist.com/news/leaders/21705317-americas-housing-system-was-centre-last-crisis-it-has-still-not-been-properly …
-
-
Replying to @kimmaicutler
so many contradictions in there. "the system hasn't changed at all...the system is so different banks are fleeing." dizzy!
1 reply 0 retweets 4 likes -
Replying to @NickTimiraos
I see. But the premise of $5.9 trillion of securities or like all of US housing finance being dependent on GSE lifelines?
2 replies 0 retweets 0 likes -
Replying to @kimmaicutler
US housing finance is dependent on USG backstops, but it is around 70-75% today versus 90%+ from 2009-12.
1 reply 0 retweets 3 likes
Replying to @NickTimiraos
you don't think that design remains a systemic risk?
9:37 AM - 18 Aug 2016
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.