PLACERVILLE, CALIFORNIA

Opinion

Next housing bubble

By From page A4 | December 16, 2013

The elements are in place for the next housing bubble and subprime mortgage crisis. Two key factors are 1) the appointment of Rep. Mel Watt, D-N.C., as chief of the Federal Housing Finance Agency, which controls government-sponsored mortgage giants Fannie Mae and Freddie Mac, and 2) the $13 billion fine against J.P. Morgan.

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