Great chart of dicey loans

According to the Fed's own figures, “the total amount of residential housing wealth in the US just about doubled between 1999 and 2006, up from $10.4 trillion to $20.4 trillion.”

UP $10 TRILLION IN 7 YEARS! That is the very definition of a humongous, economy-killing equity monster. In other words, the Fed knew the actual size of the bubble and chose to steer it towards the nearest iceberg without warning the public.

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