The Government Is Walking Blind Into the Coronavirus Housing Crisis
The 2008 financial crisis saw failures at every level of elite institutions. There was the failed promise of Federal Reserve Chair Alan Greenspan that the markets would self-regulate. The failure of policymakers to listen to community advocates who repeatedly sounded the alarm about predatory, racist lending practices. And there was a failure to bail out homeowners with the same speed and consideration that our nation’s megabanks received.
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