Selling hope, delivering harm 

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This Issue’s Highlight
Subprime 2.0: The Affordable Housing Nightmare Continues

At the Bipartisan Policy Center’s recent conference entitled “Housing Finance Reform: Is Inertia Gaining Momentum?” representatives of the Government Mortgage Complex called for a repeat of the failed government “affordable housing” experiment begun in the early 1990s. America’s homeowners ultimately lost trillions in this failed government “affordable housing” experiment. Loose lending was the tool used to drive the homeownership rate and home prices to unsustainable levels.

This Month’s Features:

  • Spotlight on Insolvency
    FHA’s Estimated GAAP Net Worth Equals –$27.22 Billion, with a Capital Shortfall of $47–67 Billion

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