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Lessons from the mother of all housing crises; INSIDER Q&A
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As the federal government grapples with this housing crisis, there is a lot worth remembering about how it handled earlier ones. For example, during the Great Depression, an agency the government created to buy distressed home loans broke even by the time it was finished. It didn't lose money. Such interesting facts can be found in a report by David Wheelock, assistant vice president in the research division of the Federal Reserve Bank of St. Louis.
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