The Fed’s Answer to U.S. Economic Growth: Let Them Have Loans-With Little to No Risk

In a recent move by Washington to stunt economic growth, Washington agreed to a two-step strategy.  The first step involves Fannie Mae bringing back low and no money down mortgages. The second step would be to discourage business loans. A few weeks ago, Mel Watts, the Director of the Federal Housing Finance Agency, discussed plans …

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