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The Ongoing Impact of the Housing Sector

Posted By Barry Ritholtz On August 28, 2007 @ 11:45 am In Data Analysis,Economy,Finance,Markets,Psychology,Real Estate | Comments Disabled

The_ongoing_impact_of_the_housing_s [1]

 

John Mauldin [2] is away this week, and so I contributed to his Outside The Box series in a post called "The Ongoing Impact of the Housing Sector. [1]"

The fun part of writing that was assigning blame for all of the problems in the credit market. As it turns out, only a few people are actually responsible:

    * Federal Reserve (FOMC)
    * Borrowers
    * Mortgage brokers
    * Appraisers
    * Federal Government
    * Fannie Mae
    * Lending banks
    * Wall Street firms
    * CDO Managers
    * Credit agencies
    * Hedge funds
    * Institutional Investors (pensions, insurance firms, banks, etc.)
    * And back to regulatory role of the Federal Reserve

Other than those few groups, I don’t know who else desrves the blame . . .  ;  )


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URL to article: http://www.ritholtz.com/blog/2007/08/the-ongoing-impact-of-the-housing-sector/

URLs in this post:

[1] Image: http://www.investorsinsight.com/otb_va.aspx?EditionID=576

[2] John Mauldin: http://www.investorsinsight.com/default.aspx

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