From the Horse's mouth

Real Estate Woes: What the Experts Think Should Be Done - - CNBC.com:

"The housing downturn, subprime mortgage loan meltdown, lender bankruptcies and general credit crunch have focused attention on real estate. CNBC asked experts from across the industry to weigh in on the problems -- and what actions they think should be taken."

"Donald Trump, chairman and president of The Trump Organization, believes that Federal Reserve Chairman Ben Bernanke must cut interest rates, "or they'll kill the golden goose, real estate."

"[The Fed] should call a special meeting and not wait until September."

Trump told CNBC's Mark Haines that Fannie Mae and Freddie Mac should be permitted to increase their loan capacity: "They have to expand, or you're going to have people out on the streets."

I'm willing to bet that "The Donald" leveraged up the wazoo and hurting.
Won't be the first time.

And, without the Real Estate mania, who'll want to listen to him?

I would be more in agreement with Mort:

"Mort Zuckerman, chairman of Boston Properties, told CNBC's Erin Burnett that the residential and financial markets are in "poor shape" -- and the situation has been exacerbated by so-called "ninja loans," issued to borrowers with "no income, no jobs and no assets."

But Zuckerman does not believe the global economy will suffer a recession, thanks to "pressure points" in the system, such as infusions of liquidity by entities like the U.S. Federal Reserve and ECB.

He said expanding the portfolios of Fannie Mae and Freddie Mac is "a very bad idea," essentially rewarding borrowers who took big risks with very low equity. And in the end, the real estate decline may be a good thing, Zuckerman said: "These bubbles are going to collapse, people are going to lose money -- and the next time, they'll be more cautious."