Since the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
