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As Stocks Tumble, Wealthy Speculators Bid Up House Prices

The long-run effect of Obama’s choice to bail out lenders, not borrowers

The Obama administration’s most consequential decision was to address the Great Financial Crisis by bailing out the finance sector, rather than borrowers. It was an unforced error, directed by Goldman Sachs bankers elevated to the ranks of finance…




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Cory Doctorow

Cory Doctorow

Writer, blogger, activist. Blog:; Mailing list:; Twitter:

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