Tag: housing crisis
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U.S. mortgage meltdown linked to 2005 bankruptcy law
Kansas City Star: U.S. mortgage meltdown linked to 2005 bankruptcy law There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch. But here’s a fresh culprit: the 2005 bankruptcy reform act, which was strongly pushed by the credit card industry. So say three researchers at the Federal Reserve Bank…
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The Housing Crisis Is Over
The Wall Street Journal: The Housing Crisis Is Over The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now. How…