2010-02-20 — huffingtonpost.com
Former Federal Reserve Chairman Paul Volcker said the nation's home mortgage market is in trouble and will have to be "reconstructed."
"It's totally dependent, heavily dependent on government participation," Volcker said Friday in an interview with Bloomberg Television. "It shouldn't be that way. That's going to have to be reconstructed."
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tvsterling at 22:38 2010-02-21 said:
Finally a voice of reason. Now, how are we going to solve the problem of 99% of the country's treasure going into the hands of 1% of the people? (Including debt representing the country's tax receipts for at least the next ten years.) Until that is solved nobody who works for a living can afford a house. After that we need an alternative for the FED. Permalinkadd a comment | go to forum thread
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