The last time we gave browns mortgages to buy houses resulted in the Global Financial Crisis of 2008. Those toxic loans are still on the Fed's books, despite then-Chairman Ben Bernanke promising it's a "temporary" emergency measure and it would be sold on the open market "eventually".
The last time we gave browns mortgages to buy houses resulted in the Global Financial Crisis of 2008. Those toxic loans are still on the Fed's books, despite then-Chairman Ben Bernanke promising it's a "temporary" emergency measure and it would be sold on the open market "eventually".