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Losing Your Money Is Awful

A report from the Santa Cruz Sentinel in California. "On some blocks in Old Palo Alto, $9 million doesn’t even buy a roof. Take the nice vacant lot with the for sale sign on Bryant Street near Coleridge Avenue. But…

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This Reckless Myopia

Two reports from the Globe and Mail in Canada. "In a letter to the House of Commons finance committee, Evan Siddall, chief executive of Canada Mortgage and Housing Corp., offered an aggressive defence of the controversial mortgage qualification standard, saying…

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