PATIENCE WILL BE REQUIRED, UNIVERSITY OF HOUSTON'S SMITH SAYS, AS AMERICANS WAIT FOR BETTER TIMES FOR HOUSING MARKET, NATIONAL ECONOMY
November 08, 2007
November 08, 2007
HOUSTON, Nov. 8 -- The University of Houston issued the following news release:
"Aug. 8, 2007, brought with it a sudden wake-up call to the nation and the world regarding the serious problems associated with sub-prime lending practices of this decade," said Dr. Barton Smith, University of Houston professor of economics, during his bi-annual symposium at the Hyatt Regency Houston Hotel.
"On that date the Federal Reserve Bank, the Central Bank of the E. . . .
"Aug. 8, 2007, brought with it a sudden wake-up call to the nation and the world regarding the serious problems associated with sub-prime lending practices of this decade," said Dr. Barton Smith, University of Houston professor of economics, during his bi-annual symposium at the Hyatt Regency Houston Hotel.
"On that date the Federal Reserve Bank, the Central Bank of the E. . . .