US housing system a bad model, IMF says

• United States as a poster child for bad housing policies
• Analysing mortgage finance systems in 33 countries, the IMF painted a dysfunctional US model.
• needs to be reformed," said the IMF (You think?)
• "The United States generously subsidises homebuying, but poorly regulates lenders" (Nah, really?)

Guys, where were you a few years ago? Thanks for this valuable message, whats funny is that nothings changed so maybe they are just in time, LOL.

This comedy break brought to you by the IMF 

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