At this AEI event, Wharton professor Joseph Gyourko discusses the implications of his research on the Federal Housing Administration. Edward Pinto, AEI scholar and housing finance expert, will respond.

Over the past few months, there has been a marked intensification of the Eurozone debt crisis that could have major implications for the United States economy in 2012.

Wharton School professor Joseph Gyourko explains in a new research paper, Is FHA the Next Housing Bailout?, that the FHA will need a massive $50 to $100 billion bailout unless the economy makes a swift recovery.

There will be a further significant intensification of the Euro-zone debt crisis in the months immediately ahead that could result in the Euro's unraveling within the next twelve months. This crisis poses serious risk to the US economic recovery.

This statement is available here as an Adobe PDF. 

American Enterprise Institute (AEI) housing expert Edward Pinto assess the key facts to explain the Federal Housing Administration’s (FHA) deteriorating situation.

Instead of placing undue reliance on all-too-fallible bank supervisors and regulators, should we not now be considering doing something serious about the perverse incentives to overly risky bank lending, as well as to the ‘too big to fail’ problem in the US and global banking systems.

At this luncheon press briefing, SFRC members will issue one or more statements and answer questions.