All Posts Tagged With: "HUD"

Blowing Bubbles: Getting Ready for the Next Bust

Imagine you are a private in the army. Your sergeant orders you to dig a hole. When you finish, the sergeant is horrified to find that you have dug a hole. He dresses you down and then orders you to dig another hole. Insane? Welcome to today’s world of American banking. Over the course of [...]

4Jan2012 | Richard W. Fulmer | 16 comments | Continued

Bootleggers, Baptists, and Bailed-Out Bankers

For more than a year now, people worldwide have experienced an extraordinary chain of economic events. Led by crushing increases in U.S. mortgage-related bankruptcies, the world financial collapse that followed has been termed the subprime crisis, the financial meltdown, the Wall Street bailout, the beginning of another Great Depression, and even the end of capitalism [...]

2Mar2009 | Bruce Yandle | 6 comments | Continued
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