Must-Read: Mark Roe: Surviving the Next Housing-Market Hurricane: “illiquid real estate cannot solidly underpin a stable market for overnight obligations forever… …Like a hurricane, this disaster smashed into the financial system, which could not absorb the losses smoothly. So regulators are constructing stronger buildings that can withstand a financial hurricane…. But what if overnight mortgage-pool … Continue reading Must-Read: Mark Roe: Surviving the Next Housing-Market Hurricane