excerpt:
Mike Davis: First of all we need to recognize that we’re probably witnessing the de-housing of millions of Americans through a combination of the subprime crisis and increasing unemployment. I think that we’ve been handed on a plate an extraordinary opportunity to, if not solve the housing crisis in America, greatly reduce it.
[An earlier opportunity] was during the savings and loan meltdown during the beginning of the 1990s, when the federal government came into possession of more than a million units of housing through defaulting or bankrupt savings and loans. And all the government did was simply sell those off at a discount on the market. And you might think what could have been done with the stock of housing.
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