Merkley contributed a statement to the proceedings.
03/09/2011
https://www.congress.gov...
Hedge funds discovered that this was a fabulous investment, both from appreciation, appreciation that would've gone to middle-class families...
The shortage that my colleague from Maryland mentioned is certainly true in Oregon. We estimated we're about 110,000 units short.
Thank you. And I hope for our sake they don't start to target Rhode Island.
We should get the hedge funds out of the housing business.