The Federal Housing Administration is on the brink of the next big government bailout. Potentially. Yet Commissioner Carol Galante insists there is strength ahead.
In April 2008, a story in the Las Vegas Sun said Attorney General Catherine Cortez Masto "avoided big fights and powerful enemies … pursues popular initiatives with little fanfare, head down, studying, avoiding conflict."
"It takes a lot of courage to stick your hand up and spend 50 grand if you haven't done it lots of times," says Jerry Caldwell, a real estate investor.
Since the collapse of the housing market began in 2007, a debate has raged as to whether Washington or Wall Street bears the greatest part of the responsibility for the disaster.
