THE BOOKSHELF · EnglishEASY MONEY and the American Real Estate Ponzi Scheme: From your pocket to theirs, the insiders' view of the Great Housing Recession, and how it's happening again.
By Perry StinsonPoliticians, bureaucrats, home buyers and housing activists are at it again. History is repeating itself right in front of us, and if we do nothing to stop the volatility in real estate markets, we risk the impending doom of the next housing collapse. Industry experts John Agostinelli and Chris Michaud had front row seats during the Great Recession. They witnessed the nonsensical lending practices that blew up the bubble and created disastrous consequences for government endorsed loans, and hurt low to moderate income people and the communities they lived in. Not only did government create the problem, their reaction to the crisis made matter
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