For bailout to work, housing market needs to mend
Oct 8th, 2008 | By Gregory Arzumanov | Category: Housing NewsNEW YORK – Oct. 8, 2008 – Washington’s financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?
Wrong. Experts say the most important thing that needs to happen before the $700 billion bailout even has a chance of working: Home [...]