June 24 (Bloomberg) — Michael Feder, chief executive officer of Radar Logic Inc., talks about the outlook for the U.S. housing market.
Data yesterday showed that new-home sales sank to a record low in the U.S. Feder talks with Carol Massar on Bloomberg Television’s “Street Smart.” (This is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:0:54
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July 1st, 2010 at 9:00 am
1. banks wont lend …
1. banks wont lend on depriciating assets
2. There is already a flood of foreclosures(3-15 million) in 2010
3. The banks are holding depriciated assets on their books, so technically they have already collapsed again, and will need another bailout,if they mark to mkt.
4. No jobs, no one to buy a house