On the recordMarch 30, 2011
Where would the housing market have been in mid-2007 if the GSEs weren't there? In a disastrous situation.
Source
congress.govGARY G. MILLER: “Where would the housing market have been in mid-2007 if the GSEs weren't there? In a disastrous situation.”
Editor's note · Context
Miller argues that GSEs prevented a housing market collapse in 2007.
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More from GARY G. MILLER
Jun 17, 2013
I have some real concerns with that. I have had a concern with the definition between subprime and predatory for years, and I am glad to see we are going to finally deal with it.
Jun 11, 2013
The private label mortgage-backed securities were a disaster. Most of them were basically predatory loans.
Jun 11, 2013
I don't think anybody is going to defend the concept of the structure of the GSEs to believe that the taxpayer should be put at risk, yet the private sector should make the profits.
Jun 25, 2013
Yet, by requiring this Davis-Bacon mandate, we are beating up the price of apartments and condos and townhomes by 20 to 25 percent.
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