President Barack Obama took his economic road show to Phoenix on
Tuesday, where he highlighted the effect his housing policies could have
on furthering the recovery of the housing market in the Arizona city
and dozens of other towns like it that were hit hard by last decade’s
mortgage crisis.
The president called for a series of reforms for both borrowers and lenders, which he said would help boost homeownership and protect the housing market from another crash similar to the one which devastated American financial system and prompted the onset of the 2008 recession.
"As home prices rise, we can’t just re-inflate a housing bubble," the president told a crowd at a high school in Phoenix. "That’s the second thing I’m here to talk about today: laying a rock-solid foundation to make sure the kind of crisis we just went through never happens again."
http://nbcpolitics.nbcnews.com/_news/2013/08/06/19897574-obama-warns-on-housing-we-cant-just-re-inflate-a-housing-bubble?lite
The president called for a series of reforms for both borrowers and lenders, which he said would help boost homeownership and protect the housing market from another crash similar to the one which devastated American financial system and prompted the onset of the 2008 recession.
"As home prices rise, we can’t just re-inflate a housing bubble," the president told a crowd at a high school in Phoenix. "That’s the second thing I’m here to talk about today: laying a rock-solid foundation to make sure the kind of crisis we just went through never happens again."
http://nbcpolitics.nbcnews.com/_news/2013/08/06/19897574-obama-warns-on-housing-we-cant-just-re-inflate-a-housing-bubble?lite
No comments:
Post a Comment