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Foreclosed Homeowners’ Rate of Return

August 3, 2009 10 Comments

Via a post on the Bogleheads forum, I read this piece of news from the WSJ Developments blog: Study Finds Underwater Borrowers Drowned Themselves with Refinancings From that WSJ blog post, I read this research paper: LaCour-Little, Michael, Eric [...]

Book Review: The Greatest-Ever Bank Robbery

September 4, 2007 2 Comments

What was the greatest ever bank robbery? Try $124 billion. This was the cost to the taxpayers in the savings and loan crisis in the 1980s. If interests are included, the total cost approached $500 billion or $2,000 for every man, woman and child in [...]

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