Fannie Mae, Freddie Mac and Missing Real Estate Agents
It is unfortunate that the Obama administration -- you know, the most transparent administration ever? -- did not allow recording devices or cameras for broadcast into yesterday's Conference on the Future of Housing Finance. By all appearances, it promised to be high political theater, by which I mean that the entire thing was likely carefully scripted from the start. My partner, Jeff Corbett, expressed some skepticism about the proceedings in an earlier post on HousingWatch.
Forgive my cynicism but, again, most of these panelists were smack in the middle of the housing boom, enabling -- even perpetuating -- what became a bursting bubble. Are these the same people we want directing policy, going forward?
And where were the representatives for the nation's real estate agents?