Friday, January 16, 2009

WSJ article exposing the lies of the housing industry

Must-read excellent article by the WSJ on what happened to David Lereah, the cheerleader at the National Association of Realtors (CREA is the Canadian equivalent). The article talks about how he was supposedly "forced" to cheerlead all throughout the early days of the housing crash (06-07).

Very reminiscent of the kind of doggy doo-doo coming out of CREA, CMHC and the Canadian banks in 2008 and 2009.

http://online.wsj.com/article/SB123152099299568447.html

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