American taxpayers: Mortgage fix too small to matter - Detroit News
Story date: 2008-07-14 10:02:00
Added on: 2008-07-14 22:28:38
The federal bailout of mortgage backers Fannie Mae and Freddie Mac brings to mind the phrase "moral hazard." That's not the name of a country singer, but what occurs when you create an incentive that lets people or institutions take undue financial ...
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