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America’s House Price Time Bomb

{ Posted on jul 31 2008 by Seeker }
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Categories : Escuelas de Negocios

With the American housing market in its worst crisis since the Great Depression of the 1930s, President Bush is authorising new legislation to pave the way for massive new government intervention designed to slow the slide. by Michael Robinson BBC World Service _____________________________________________________________ Banks in the US could end up owning ever more houses The intervention would come as a little known quirk of US law threatens to drive down house prices even faste

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