Nothing new with that statement from Treasury Secretary, Geithner. Fixing the problem however, will be easier said than done!
Amplify’d from www.dsnews.com
Geithner Concedes Government Incentives Distorted Housing Market
In a speech given Tuesday before the House Committee on Financial Services, Treasury Secretary Timothy Geithner said the government played a role in bringing down the housing market.
“We allowed an enormous amount of the mortgage market to shift to where there was little regulation and oversight,” Geithner said.
This fundamental change is based on a shift of what many believe is the “American Dream.” According to Geithner, “our goal is not for every American to become a homeowner.”
See this Amp at http://amplify.com/u/bsfo1
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