An Overdue Collapse of Money by Richard Daughty »

Posted By populist 4 months ago in Political Opinion
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In case you didn’t know, “Ginnie’s mission is to bundle, guarantee and then sell mortgages insured by the Federal Housing Administration, which is Uncle Sam’s home mortgage shop. Ginnie’s growth is a by-product of the FHA’s spectacular growth. The FHA now insures $560 billion of mortgages – quadruple the amount in 2006.”

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