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Posts Tagged ‘funds’

 

For all the talk of Wall Street reform and consumer protections the problem of predatory lending has not been eliminated.

Subprime lending continues in the auto financing industry and elsewhere, and unlike conservatives’ criticism of the housing market there are no federal subsidies to finger. Policymakers have, indeed, caused the problem but for reasons other than what many of us have been led to believe. True, Freddie and Fannie Mae advocated for the dream of home ownership even as it floated out of Americans’ reach. However, this reality only begs the obvious but lesser asked question: Why is the American Dream drifting out of reach in the first place? And might the answer to this question reveal that the hollowing-out of the middle class bears a reciprocal relationship to market volatility?

 

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Remember when, on some rare occasion, the correct answer to a test question in school was “all of the above”? I happen to believe that much of life outside the confines of a classroom is like that. Each of us perceives an aspect of a given political or social problem on which we base a set of mostly valid observations. What we have less time and patience for are the dots we have yet to connect.

Take California’s special election. (more…)

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