The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

Summary

This quote emphasizes the success of the Federal Housing Administration (FHA) as evidence supporting the government's involvement in the mortgage finance system. Despite acknowledging the messiness of government intervention during the Great Recession, it argues that the situation could have been even worse without it. The FHA's accomplishments provide a compelling case for the government's significant role in stabilizing the economy and ensuring the functioning of crucial sectors like mortgage finance.

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