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Discussion about the role of government in the mortgage financial. that is not the economy or housing market we're talking about. massive market failure, lots of people who will lose their home if we don't engage in interventions, the more aggressive the better under this regard. >> do you have high hopes for this financial crimes, this fraud task force that the justice department is now heading up? president mentioned it in the state of the union, a very high profile place to launch something like that, schneider man brought on, do you have hey hopes? i have high hopes. i haven't had partic...

Having with this is he is just not understanding the extent of what really brought this economy to where it was in 2009 as you note earlier, it's getting better. that was a bubble in the housing market that just imploded, inflated by the financial mess we were talking about. if these were perfectly normal times, if there wasn't an overhang of housing and all the foreclosures, some of which we have discussed could be fraudulent, if it wasn't, if we're not looking at all the unemployment and risk aversion and the banks, we might have a reasonable discussion about the role of government in the mo...

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