Between the searching and the need to work it out
I stop believing everything will be alright
Broken
We are broken
--Tears for Fears
Following up on the previous post, check out this chart taken from the TARP report titled 'Government Support of Residential Real Estate Market.'
No 'tacit' policy here. This is out and out firepower aimed at propping up house prices.
As Pep quoted yesterday from the report: Supporting home prices is an explicit policy goal of the government. (p. 126)
This will certainly end in tears.
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