PROFILE
FROM Joe Light
Will Expanding the Housing Market Lead to Another Bubble? The housing market usually leads the way out of recession, but this time around it's a drag on economic recovery. So President Obama is going to give it a boost , making it easier for first-time buyers with low credit ratings to qualify for mortgages on new homes. Admittedly, it's a modest proposal — $900 in savings for just 250,000 people, when more than $2 million are needed for healthy growth. But critics call it a risky first step toward another sub-prime disaster -- just like the one that started the Great Recession a few years ago.
Recommended
Sessions is adjourned Jeff Sessions is out as President Trump’s attorney general.
Following three tragedies: two fires and a mass shooting in Ventura On the heels of a deadly mass shooting at the Borderline Bar and Grill in Thousand Oaks, two blazes in the area are forcing more than 100,000 residents in Ventura and L.A. Counties to evacuate their homes.