Calculated Risk Mon 2009-10-12 09:56 EDT
More on Problems at the FHA and Quote of the Day
``I don't think it's a bad thing that the bad loans occurred. It was an effort to keep prices from falling too fast. That's a policy.'' Barney Frank, chairman of the House Financial Services Committee on recent FHA lending.The quote is from David Streitfeld and Louise Story's article in the NY Times: U.S. Mortgage Backer May Need Bailout, Experts Say
Calculated Risk; day; FHA; problem; quote.