From the daily archives:

Thursday, February 9, 2012

Foreclosure Settlement Fixes Nothing

February 9, 2012

The housing bubble was the biggest financial bubble in history.  Banks gave loans to people who couldn’t afford them, then sold mortgage-backed securities to dupes around the world.  Then, a circle firing squad of financial nitwits decided to insure the securities all along the way.  Times were good until about 2007.  By September 2008 Lehman [...]

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