Tag Archives: economic crises

Mortgage Loans Remain A Threat To Bank Stability

The Justice Department under Barack Obama is still pushing banks to extend loans to select minorities with bad credit. Banks are unique among businesses. They can’t invest their money as they see fit. Instead, they have to abide by the … Continue reading

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The Housing Boom and Bust: Revised Edition by Thomas Sowell

Get the book here. People charged higher interest rates than average also have higher rates of payments, defaults and foreclosures. The market has accurately assessed the risks. (Pg. 6) From Pg. 16-17: While housing payments often made up more than … Continue reading

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