Housing reform must respect shareholder rights
The Hill - May 30, 2014 - May 30, 2014
May 30, 2014, by Guari Shah, Elizabeth Harrison Jonathan Slater and Brandon Mial
The housing collapse of 2008 left devastation in its wake, devastation we are still recovering from today. The sale of subprime, and in some cases, fraudulent loans by the big banks and a whole host of other bad practices led to the crisis and our leaders in Washington are correct in their assertion that housing reform needs to be addressed.
However, the legislation proposed by Sens. Mike Crapo (R-Ida.) and Tim Johnson (D-S.D.) would not only increase risk to taxpayers during a repeat housing crisis, but also refuses to recognize marketplace rules and the rule of law.
Full Article: Housing reform must respect shareholder rights