Sam Zell: Government Hinders Housing Recovery, Creates Mortgage Moral Hazard
February 09 — Government intervention in the housing sector is doing more harm than good and is actually hurting recovery instead of helping it, says real estate mogul Sam Zell.
President Barack Obama has proposed expanding government efforts to allow millions of struggling homeowners refinance their mortgages.The problem with government intervention is that it doesn't allow the market to correct itself and fully recover, Zell says. Read more.
