You might be saying, “Huh? Don’t root for a housing recovery?”
That’d normally be a logical reaction. But a housing recovery also helps Too Big Too Fail Banks, allowing them to go back to their old reckless and risky ways. In a strange twist, the limping-along housing market is actually keeping the big banks in check these days, weighing them down like Lilliputians tying down Gulliver.
OK, yeah, of course, we all want a housing recovery. But you gotta be more than a little wary of unleashing the big banks.