Monday, November 28, 2011

What housing risk? The FHA says there's nothing for taxpayers to worry about

What housing risk? The FHA says there's nothing for taxpayers to worry about: Before the 2007 housing bust, financial analysts who raised questions about Fannie Mae and Freddie Mac's shaky finances were dismissed as cranks. So it's worrying to see a thoughtful critique of another taxpayer-backed monolith—the Federal Housing Administration—receive a similar brush-off.

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