Wednesday, December 7th, 2016 MST

Category: Housing Crisis

Treasury Secretary Geithner cannot sell his house

Treasury Secretary Timothy Geithner can’t sell his house. Maybe it because he is asking more than the $1.6 million that he paid in 2004 at the top of the housing boom. Housing prices are down, on average, 30% from the 2004 top. Any doubt but that some wealthy person seeking to curry a favor with

The government’s role in the housing crisis

The Austrian School is probably best known for its condemnation of government intervention in the marketplace.  Interest rates, for example, should be determined by the supply of money available to be lent and the number of qualified persons seeking to borrow.  But, no, what do we have: Government rules and regulations that require lenders to have loan