financial market real estate history responsibility unite: History
- 09/20/08 05:10 AM
The events of this past week are complex and yet they are also simple. New creative ways to make money were put into place by financial service companies after the government opened the door over a number of years with policies meant to do just what they did, increase wealth and investment. The result was the perfect example of unintended consequences. Those wanting to free up the financial markets partnered with others wanting to increase home ownership. Many professionals involved in the real estate financing process gave loans to consumers they knew would have difficulty honoring. If we are to be … (0 comments)
The events of this past week are complex and yet they are also simple. New creative ways to make money were put into place by financial service companies after the government opened the door over a number of years with policies meant to do just what they did, increase wealth and investment. The result was the perfect example of unintended consequences. Those wanting to free up the financial markets partnered with others wanting to increase home ownership. Many professionals involved in the real estate financing process gave loans to consumers they knew would have difficulty honoring. If we are to be … (0 comments)
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