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Mortgage Lenders Told to Shape Up

“Top federal regulators directed banks to tighten their mortgage lending practices, warning that interest-only loans and other nontraditional mortgages pose a risk to the banking system and the economy.” (Washington Times, Wednesday)

Better idea: separate bank and state.

FEE Timely Classic
“The Free-Banking Alternative” by Donald R. Wells and L. S. Scruggs

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