Biden’s Housing Policies May Be Setting the Stage for Another Crash

In the first several years of the 21st century, federal policies encouraging banks to grant mortgages to borrowers who couldn’t repay them, government purchases of mortgage-backed securities, and other housing-market interventions led to skyrocketing housing prices and record consumer debt, precipitating the 2008 crash. Yet the Biden administration, having learned nothing from this fiasco, has ...

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