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Freddie Mac Attack

…payments on the mortgages … . So this portion of the security can pay a much higher return, and this is what Freddie retained. In 2010 and ’11, Freddie purchased…

Comments on Inequality, Leverage, and Crises

…Crises–Kumhof & Ranciere Nov 2010 IMF working paper [guest post by Clifford D. Clark] Michael Kumhof’s and Romain Ranciere’s November 2010 paper relates income inequality to national economic crises, particularly…