Friday, March 29, 2024
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Tags Secondary mortgage market

Tag: secondary mortgage market

This bailout’s for Lennar

At the close of 2008 and throughout 2009, Americans watched our federal government reward the reckless multinational financial sector with trillions of dollars for causing the worst hardship since the Great Depression. San Franciscans and Californians joined in the agony but few understood that both San Francisco and California have come up with their own bailout for one of the major players in the meltdown, the South Florida based Lennar Corp.