Lending in the High Tech Age

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Page 65 of 67

Final Thoughts "I do worry that Republicans, "I didn't see any of that coming until it happened." but also some Democrats, may think that we've got a bunch of other rabbits in our hat." Newly nominated Fed Chair Janet Yellen on the past risks with securitization, credit rating agencies, and the shadow banking system. Final Thoughts President Obama on the back and forth between the House and the Senate during the debt ceiling negotiations. Views flew from every corner about how inefficient and ineffective the government is—as the government worked hard to prove them right. "A genuine leader is not a searcher for "The [housing] recovery is consensus but fragile exactly because these a molder of working families continue to struggle to gain any traction in consensus." the current recovery." Martin Luther King, Jr., civil rights activist. Rep. Gwen Moore (D-Wisconsin) on the untold effect the government shutdown will have on the housing recovery. "How many more taxpayer bailouts will it take before the administration admits that the FHA's current business model is no longer solvent?" Rep. Randy Neugeberger (R-Texas) on the $1.7 billion FHA bailout. 64 | The M Report "The faster Congress realizes we aren't in the 1990s, the better we all will be. Until then, the rest of us are held hostage to the ideologies of a few." Diane Swonk, economist at Meisrow Financial, on the government shutdown.

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