From one of the commentators from Dr. Housing Bubble.
January 11th, 2010 at 9:37 am
“Could it be that the Obama administration is strong-arming the banks that took bail-outs to hold on to their shadow inventory until this next election cycle has passed? If a flood of foreclosed homes go on the market right before the November elections it looks bad for the democrats….not that things don’t look bad for them already.”
Why not? Do everything to prop up this housing zombie until it is maggot filled. And hopefully the arms don’t start falling off until after November of 2010. Maybe even hold it off until the presidential election. Imagine the destruction the Repubs would inherit and get blamed for.
