Fed to Buy Back Bad Debt and Push Government for Looser Lending Restrictions

The Federal Reserve is looking to buy back bad debt and pushing for the government to write loosen lending standards on loans that they invest in and write down the balance on mortgages where the home is underwater.

 

 

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2 comments on “Fed to Buy Back Bad Debt and Push Government for Looser Lending Restrictions

  1. Keep up the great work, Josh, I enjoy reading your posts and watching your videos. You definitely know what you are talking about in terms of monetary policy and the housing market. If you ever want a great read, pick up Thomas Sowell’s books – he is a great free market economist and one that has a specialty in monetary policy. I read “The Housing Boom and Bust” and “Basic Economics” recently, and he provides some great insight into the government re-allocating resources in lieu of the free market. Good stuff.

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