John:
I read your blog regularly (and occasionally post comments), and was thinking that one of my recent blog posts might be of interest to your readers. It discussed a flaw in the American mortgage system that Lester Thurow pointed out to me – that mortgages aren’t tied to future streams of incomes and how this affects housing plans and mods.
https://gettogreen.blogspot.com/2009/03/obamas-housing-plan-needs-to-stop.html
—
Ted Chan
