Tough truth behind Obama mortgage goals
Blog believes private market not interested in mortgage risk
Last week, everyone clamored on the GSE reform bandwagon. That was until the President joined the party.
And so now, some are jumping off.
Peter Morici, a blogger for Fox Business had the following to say:
The president wants to get private banks back into the mortgage business and require shareholders to shoulder risks the government now bears, but he won’t admit that in today’s economy mortgages are simply too risky for private investors.