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How and Why the Federal Government Created the Mortgage Meltdown

Posted by Miguel Diocuore Ph.D. on Sunday, October 12, 2008 7:19:17 PM

How and Why the Federal Government Created the Mortgage Meltdown
We are experiencing one of the worst financial upheavals of the post-WWII era, driven primarily by a vast increase in the number of mortgage defaults. But why did the mortgage market meltdown so badly? Why were there so many defaults when the economy was not particularly weak? And why weren't the securities based upon these mortgages considered anywhere as risky as they actually turned out to be?........
http://www.newswithviews.com/guest_opinion/guest131.htm
by Stan J. Liebowitz
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