The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.
Mark ZandiRelated topics
economy evidence finance government great intervention mortgage play recession role should success system thingsRelated quotes
Unfortunately, we do not realize that when we do our work in a hurry, we become nervous. And when work is done nervously, it is not sanctified. Our goal should not be to do many things and be in constant anxiety. This is a demonic condition. What is done with calmness and prayer is blessed, and it also blesses the people who use it.
Paisios of Mount Athos
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.
Stephen Harper
You know, in a business, you have to operate on the basis of voluntary investment by individuals in a cause. With government, there is no voluntary effort to invest capital. It's just taken and invested. And the same accountability is not at play. The same natural forces in the economy are not at play.
Mike Lee (U.S. politician)
