Government Bailout Actually Hurt Housing Recovery: Zell


via Government Bailout Actually Hurt Housing Recovery: Zell – US Business News – CNBC.

“Rather than let the elements of the business world take care of the problems, we basically stopped the process of creating market clearing,” Zell said in a CNBC interview. “Had we allowed the market to clear without trying to stop reality…we would have a healthy housing market today.”

IN other words, it could have been better.

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