Poll Shows America Does Not Support Federal Intervention in Sub-Prime Market
By MultiVu Video, published Nov 06, 2007Public Opinion Strategies poll show 62 percent believe 'individuals should take responsibility.'
National headlines are dominated with stories about the housing market slowdown and credit crunch. Believing that market problems need government solutions, Congress is debating federal intervention into the mortgage market.
The housing market is adjusting to an oversupply of housing stock and the failure of many high risk borrowers to meet their mortgage agreements. After years of steady growth in housing prices and a historic expansion of homeownership, a market correction is to be expected. Rather than aiding the situation, government intervention would distort the natural correction and prolong the uncertainty and turmoil in the housing market.
Credit: MultiVu
Copyright: MultiVu
National headlines are dominated with stories about the housing market slowdown and credit crunch. Believing that market problems need government solutions, Congress is debating federal intervention into the mortgage market.
The housing market is adjusting to an oversupply of housing stock and the failure of many high risk borrowers to meet their mortgage agreements. After years of steady growth in housing prices and a historic expansion of homeownership, a market correction is to be expected. Rather than aiding the situation, government intervention would distort the natural correction and prolong the uncertainty and turmoil in the housing market.
Credit: MultiVu
Copyright: MultiVu
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