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Most people consider the real-estate bubble to be a massive shock to the financial system that could quite easily lead to a severe recession and the government
by silverlake 18y ago
Most people consider the real-estate bubble to be a massive shock to the financial system that could quite easily lead to a severe recession and the government takeover of $1 trillion in Fannie & Freddie debt (plus another few hundred billion for FDIC). You won't hear anyone in the know describe this as a "small beer problem".