Thomas Sowell on Who Was Responsible for the Housing Bust
|Running Time: 207 seconds
||Published: 2011-01-24 04:02:33
Thomas Sowell analyzes the recent housing boom and bust, beginning with the underlying economic causes that artificially inflated housing costs in certain markets. He points the finger directly at political decisions in Washington, particularly involving Fannie Mae and Freddie Mac, that enabled and promoted the financing of an unsustainable housing bubble.
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