Day

November 14, 2008

The Real Housing Lender of Last Resort

The Real Lender of Last Resort —And Why It’s Due for a ComebackTraditionally, the Federal Reserve holds the title of *“lender of last resort.” However, that’s only true if you are a troubled corporation with a $100 billion-plus balance sheet. If you are Joe or Jane Home Buyer, the real lender of last resort is...
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