In 2008, The Federal Reserve and US Treasury bailed out large commercial banks and financial companies, typically buying mortgages they held at 100% value. Soon after, almost 1 in 50 homes were foreclosed on with The Federal Reserve holding many of the mortgages. Do you believe this was equitable? Why or why not?
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In 2008, The Federal Reserve and US Treasury bailed out large commercial banks and financial companies, typically buying mortgages they held at 100% value. Soon after, almost 1 in 50 homes were foreclosed on with The Federal Reserve holding many of the mortgages. Do you believe this was equitable? Why or why not?
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