National Association of Realtors Calls for Loosening of Lending Standards

McClatchy reports on homeownership losing its' allure. But, that doesn't stop the National Association of Realtors from pushing massive leverage:

The National Association of Realtors, for one, is calling on banks to bring back "common-sense standards" in lending, loosening what the association considers to be too-strict requirements, spokesman Water Molony said.

The real estate lobby calls 10 to 1 leverage "common sense", with federal taxpayers picking up the tab when things do go wrong.