Housing's Meltdown Continues - Seeking Alpha

It grieves me to see how much the building professions, especially architecture with which I'm most familiar, are as bound to the government largesse as much as any public employee union or academe. Some get it, some don't. Here's one who does, and it mirrors the gloomy discussions my husband heard recently at continuing education event.

"Dousing the markets with easy money, containing toxic “assets” through the suspension of “mark-to-market” accounting, propping up besieged mortgage security markets, rescuing “underwater” households, securing the foundations of teetering financial institutions through direct-inject recapitalization … try as they might, the Feds were unable to prevent the continued meltdown of the nation’s housing markets. It’s a sad day for those policy junkies who believe that government meddling is the solution to all the “evils” that nature stirs up."

Read the rest here. Housing's Meltdown Continues - Seeking Alpha