With Every Down, There Is An Up. Let's Get The Confidence Back! - 04/20/09 01:47 PM
Housing, like any other "toxic" assets, needs to go through a cleansing process. That means down, before up.

And this is going to require liquidating the debt as we cannot continue carrying all that excessive baggage forever. The empty promises, artificially inflated numbers and ongoing uncontrolled bailouts have got to stop. We just can't save everyone that bought a house who shouldn't have. If some people were greedy, lazy or stupid - sorry - they should loose their house and not be rewarded by someone else making the payments. At the same time we are not going get housing back … (29 comments)

 
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Stefan Swanepoel

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