In 2008, David LaRochelle and his wife, Debbie, owned two houses: a single-family home in Southern Florida and a double-wide mobile home in Plains, Ge...
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The overwhelming problem today for most workers isn't this recession, as horrible as it is -- it's the fact that for every earned income level except the top 10%, average household income hasn't changed a bit for 10 years.
With each job loss or foreclosure, another family -- now on a downward spiral -- potentially loses its faith in our basic economic system and our basic system of governance.
The teetering state of the mortgage markets and the $4.6-$4.9 trillion position of Fannie and Freddie placed the GSE at the center of these crises.
We now live in a country where there is no financial margin for most families to fall back on in case someone gets sick or a job is lost: life is far riskier than during the 1970s' economic crisis.
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