灰熊闹得最凶的地方将是美国的住房市场。
It is in the American housing market that the bear may growl loudest.
来自美国的住房市场的消息正变得不是很好。
THE news from America's housing market is getting no better.
有些人认为，美国的住房金融巨头房地美和房利美应该担保抵押，而不是购买抵押。
Some argue that Freddie Mac and Fannie Mae, America's housing-finance giants, should likewise guarantee mortgages but not buy them.
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