StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826
Strategy Driven
MARCH 6, 2014
Most of these “affordable” loans were in fact sub-prime, “for persons with blemished or limited credit histories,” and “carry a higher rate of interest than prime loans to compensate for increased credit risk,” according to HUD.gov. But was it a new financial world?
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