FHA-Backed Lending Is a ‘Train Wreck,’ Toll Says

2009-11-19 — bloomberg.com

“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.

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