Housing and Economic Recovery Act

Finally, some sense in the financial press 

Eric Hovde penned a piece this weekend that deserves a close read, especially if you happen to be a U.S. Senator — and I know that more than a few now read HW each week. His point is one that our editorial team has been hammering since at least August of last year: that housing prices simply must fall, and a good chunk of homeowners must lose their homes.