Congressional Hearing on The Housing Bubble

Tomorrow, the US Senate Banking Committee meets about the housing bubble:

WASHINGTON (Reuters) - U.S. lawmakers will question some leading government and industry economists about the perils of a possible 'housing bubble' in a Wednesday hearing.

Lawmakers wanted the session "because we've heard a great deal about the possibility of a housing bubble for several years now," said Sen. Wayne Allard, a Republican from Colorado.

The hearing, "The Housing Bubble and its Implications for the Economy," will be held in an open session of the Senate Banking Committee at 10 a.m.. (Reuters)

For the current predicament: Too Little, Too Late. Nevertheless, new regulations regarding the real estate and lending industry are certainly needed. Paper Money has launched a mini campaign so that the hearing is aired on C-SPAN. I fully support this effort.