Tag: mortgages
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Black Veterans Denied Benefits
UNIVERSAL HISTORY ARCHIVE/UNIVERSAL IMAGES GROUP/GETTY IMAGES Education and Homes One of the greatest benefits from ongoing versions of the GI Bill has been support for college and vocational school enrollment. “As a result, almost 49 percent of college admissions in 1947 were veterans. The GI Bill opened the door of higher education to the working…
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The Great Recession, Condensed
and with Glossary Subprime mortgages, side bets, greed, and fraud. The causes of the Great Recession were subprime adjustable-rate mortgages, and speculation using financial instruments that leveraged the actual market a thousandfold. In other words, greed and fraud. This is a bare-boned explanation of the greatest economic collapse since the Great Depression. The housing bubble that preceded…