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

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