A Gathering Storm

Story date: 2008-01-24 09:17:00
Added on: 2008-01-24 19:17:03

Time - As houses got more and more expensive, mortgage lenders extended loans that were bigger and bigger in relation to borrowers' incomes. "People can't spend 200% of their income on mortgages," quipped Stiglitz. The only way for this trend to continue ...


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