A simple guide to what happened with the housing market and the big bailout

Everyone thought someone else was checking that the underlying mortgages were good loans.”

The nonprofit public policy research institute, The Century Foundation, makes it a big part of its mission to explain issues and challenges in the United States in plain language. One of their most recent discussion papers was about the housing market and the proposed bailout. If you’ve been trying to get your head around this issue, their downloadable PDF “A Guide to the Housing Crisis: Ten Questions and Answers” might help. Among the questions it answers….

“Why did the lenders finance this run-up?”
“Who will eventually own the real estate properties involved?”
“What will happen to the bankers and brokers who operated the institutions that created all these bad loans?”

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