US economy turning?

[Carl Remick]

>From: Doug Henwood <dhenwood at panix.com>
>
>Jordan Hayes wrote:
>
>>... Now if Fair Issac and Fannie Mae say you can buy a house,
>>you can.  That's got to be a big step forward in society.
>
>There were a lot of no-money-down and 5% down mortages written during
>the Clinton years. Boosts the homeownership numbers, but if the
>recession lingers...
>
>Doug

Isn't the increase in subprime-lending abuses -- involving the home equity 
of poor credit risks -- a big step back in society?

Carl

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