New subprime lending will mean another housing crash. This time there’s no question what will happen.
It is unbelievable that the White House is actively promoting another housing crash, but the evidence is undeniable.
The Washington Post reports,
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
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