Friday, January 15, 2021 8:49:59 AM
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TAGS Money and Banking
31 MIN AGODoug French
The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016.
https://mises.org/library/low-rates-and-limited-liability-mean-hot-markets
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