Able Quote by Michael Hudson

“The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.” quote by Michael Hudson — Download Open image

“The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.”

Michael Hudson

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Able Behinds Buyers Default Enough Federal reserve House Housing Ifs Money Mortgage Myth Reserves Suffering Want

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