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Government Bailout Actually Hurt Housing Recovery: Zell

Posted By admin On February 8, 2012 @ 9:10 am In Prison Planet | Comments Disabled

Jeff Cox
CNBC.com [1]
February 8, 2012

Government intervention has prevented the real estate market from healing, with the commercial sector hit especially hard, investor Sam Zell said.

As sales languish and prices continue to fall, the head of Equity Group Investments and numerous other ventures pinned the blame on policies that refused to allow market forces to take hold.

“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.”

Since the financial crisis began in 2008, Washington lawmakers and President Barack Obama have launched a counterattack against the housing market’s [2] collapse.

Full article here [1]


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URL to article: http://www.prisonplanet.com/overnmentbailouthurthousing.html

URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/46308436

[2] the housing market’s: http://www.cnbc.com/id/46238350/

[3] Real Estate Bigwig Zell Sees 2009 Recession: http://www.prisonplanet.com/real-estate-bigwig-zell-sees-2009-recession.html

[4] Roubini: ‘Housing Prices Can Only Move Down’: http://www.prisonplanet.com/roubini-housing-prices-can-only-move-down.html

[5] Housing Market Sure to Double-Dip: Whitney: http://www.prisonplanet.com/housing-market-sure-to-double-dip-whitney.html

[6] Recovery? Housing says it’s a Hoax: http://www.prisonplanet.com/recovery-housing-says-it%e2%80%99s-a-hoax.html

[7] The Truth About How The Fed Has Destroyed The Housing Market: http://www.prisonplanet.com/the-truth-about-how-the-fed-has-destroyed-the-housing-market.html

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