October 23, 2008
“Affordable” Housing
By Glen Harness in Politics,Society | 0 comments
Congress urged Fannie Mae and Freddie Mack to relax the requirements for loans so that Americans could have access to affordable housing. That fact alone shows a lack of understanding (to be generous) in how the economy works. They didn’t make houses more affordable, they made loans seemingly more affordable. So, more people are able [...]
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