An amazing article from 1999 in the New York Times. Now, all the lowered lending standards in the world could not have wrecked havoc without the Fed’s monetary excess, but still a fascinating piece.
12:25 am on October 2, 2008https://www.lewrockwell.com/lrc-blog/1999-article-fannie-freddie-to-subsidize-insolvent-home-buyers/
An amazing article from 1999 in the New York Times. Now, all the lowered lending standards in the world could not have wrecked havoc without the Fed’s monetary excess, but still a fascinating piece.
12:25 am on October 2, 2008