“In Santa Clara County, the center of the global tech industry and one of the wealthiest places in the United States, most home buyers get help from the government. The same is true in other wealthy enclaves such as Nassau County, outside New York, and Arlington County, outside Washington, the analysis of more than 50 million loans finds. It is no secret that the U.S. government propped up the housing market after the financial crisis. What the analysis by Reuters makes clear is the extent to which government programs have helped some of the nation’s most well-to-do communities.”
http://in.reuters.com/article/2012/09/13/us-fanfred-lending-idINBRE88C0CY20120913
Related posts:
No felony charges for Seattle firefighters who beat homeless man
Investors euphoric as US margin debt reaches 'danger' levels
Japan rejecting Osaka mayor's view that ‘Comfort Women’ were ‘necessary’
ECB's Celebration of Its New $1.4 Billion Tower Is Spoiled by Protesters
Canadian citizenship-stripping plan good politics but dodgy policy
I Bought Everything on My Christmas List with Bitcoin
Legendary Havana bar ‘Sloppy Joe’s’ reopens
Mayor Bloomberg bankrolls $12 million gun control ad campaign
Every Important Person In Bitcoin Just Got Subpoenaed By New York
Homeland Security agents indicted for falsifying records in corruption investigation
Greenpeace activists break into French nuclear power plant
How occupational licensing laws inhibit interstate mobility
Huntington’s gene therapy breakthrough may stop disease
The Doomsday Preppers of New York
Declassified Documents: NSA Spied On MLK Jr., Senators, Journalists