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Household Leverage
Household Leverage vs. Home Prices
There is no possible regulation that can stop a credit binge brought about by cheap money and fractional reserve lending that enabled Fannie Mae and Freddie Mac to borrow money into existence at will.
Congress and the SEC have not enacted any reforms. And the American people remain at risk of another financial debacle. Mr. President, we must never let this happen again. Mr. President, I rise today because I am deeply concerned that just over one year since the collapse of Lehman Brothers, a f...
Fri, Nov 6 | from Huffington Post