American Home As An ATM Machine

Fed Economist To Greenspan In 2005: Discovery Channel's 'Flip That House' Should Cause 'Existential

Posted on Wednesday, January 19, 2011

In late 2005, as the housing bubble that would ultimately pop and bring down the economy continued to inflate, Federal Reserve economists briefed the central bank's then chairman, Alan Greenspan, on the state of the economy during a meeting of the Federal Open Market Committee. Amid an onslaught o...

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