Sunday, January 1, 2012

A Year of Me-Firsts, and of Lessons Relearned

Gretchen Morgenson with some interesting thoughts:

...the very people our government had pushed to embrace the American dream of homeownership — minority groups, lower-income borrowers, immigrants and others previously shut out of the market — were the very people hurt the most by the foreclosure mess. Washington’s push to increase homeownership opened the door for companies to sell poisonous and tricky loans that have now imperiled many of the most vulnerable.

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