September 22, 2017

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US Opts for Deja Vu

The federal government plans to make it easier for lower-income Americans to borrow money to buy homes – which was the foundation of the disastrous sub-prime crisis. Then, banks were encouraged by the politicians to relax their lending standards. So they did so… spectacularly. They often failed to verify income, glossed over credit history, iss…
USA in One» News

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