Ten ways to Solve the Housing Crisis

J.K.,

Thanks for your note. I tend to agree with you on your first three points, especially the all-caps third one. People don’t seem to realize that of the dollars lost in this fiasco, 99% of them are from investors and banks who rated zero down piggy-back loans as having the same credit risk as 30-year fixed, 10% down loans. It’s truly mind-boggling.

Best,

Matt Woolsey

[mwoolsey@forbes.net]