Bruce Judson: The Coming Train Wreck

If Congress does not act, we will almost inevitably see a further collapse in the housing market, with a ripple effect that has the potential to destroy vital consumer confidence, stop any economic recovery or even cause an economic catastrophe.

Read more: Principal Reduction, Income Tax, Congress, Housing Prices, Housing Market, Short Selling, Economic Recovery, Economy, Economic Crisis, Business News

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Read the original at Wall Street on Huffington Post.