| Jan 7, 2011 3:55PM At issue are rules dictating which loans should be exempt from the law's so-called risk-retention requirement, which says issuers of mortgage-backed securities must hold on to 5% of the risk. Lawmakers included the provision to avoid a repeat of the housing collapse by making lenders more cautious, since they now stand to lose if a loan goes bad. Previously, mortgage lenders passed the risk to other investors. Jan 7, 2011 5:28PM Clearly the Household Survey paints a much different picture of reality than the Establishment Survey. Wall Street tends to focus on the growth implied by the Establishment Survey. Main Street experiences the reality of the Household Survey. Does it feel like the Unemployment Rate fell to its lowest level in 19 months to you? If you floated through jobs data, we were encouraging by price action today. This is a positive but there is still much work to be done.
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