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  • Residential Real Estate: Erosion Ahead [View article]
    Blame assignation:

    The other four on his list - along with the regulatory decisions that he also called "incredibly incompetent" - in the following order were:

    1) The Federal Reserve's easy money policies early this decade, 2) the Fannie Mae and Freddie Mac mortgage mess from coziness with Congress, 3) overdoing encouragement of affordable housing for low-to-mid income Americans, and 4) too much reliance on sub-prime mortgages to put many people in their own homes.

    www.kvbc.com/Global/st...
    Dec 04 08:52 am |Rating: 0 0
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