Friday, August 15, 2014

Housing Market: Banks agree to pay a few pennies in guilt money to former loanowners

The housing bubble was inflated by private lenders giving nearly unlimited money to eager borrowers to bid up real estate prices to levels not sustainable by the real incomes of the borrowers. I have pointed out that lenders are more culpable than borrowers, but it took two to tango. Under...
Banks agree to pay a few pennies in guilt money to former loanowners




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