2min chapter

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Emergency Episode: Why This Financial Crisis Is Worse Than 2008 | Balaji Srinivasan Pt 1

Tom Bilyeu's Impact Theory

CHAPTER

The Moral Imperative Driving the Affordable Housing Bubble

There's some truth to the idea that they pushed lending standards to be low, but that's not exactly the same as deregulation. They actually use regulations to push banks to hit certain, whether you call them form or informal quotas. Then the other side of it is the Clinton era roots of the financial crisis in 2013. And that says affordable housing goals established in the 1990s led to a massive increase in risky subprime mortgages.

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