Weekly Wrap: Trouble in housing?
Fortune Magazine Leigh Gallagher, and Clusterstock.com's John Carney talk with Kai Ryssdal about how much trouble our housing market is still in, and whether calls for Treasury Secretary Geithner's resignation are justified.
A Wall Street sign in New York City's financial district. (Mario Tama/Getty Images)
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From Mount Rainier, MD, 11/20/2009
I continue to be amazed that debate continues about the troubled housing market. I lived in South florida for twenty years and observed the ballooning of home prices to levels quite obviously far beyond reason; levels from which they will never return to anything like reasonable. This irrepairable damage is solely the result of the Real Estate industry's unbridled greed, without regard for the buyer's actual ability to afford - for the commissions, and the consequences to others be damned.
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