In 2008, The Federal Reserve and US Treasury bailed out large commercial banks and financial companies, typically buying mortgages they held at 100% value. Soon after, almost 1 in 50 homes were foreclosed on with The Federal Reserve holding many of the mortgages. Do you believe this was equitable? Why or why not?

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Answer rating: 100% (QA)

The 2008 Bailout and Foreclosures Issues of Equity The 2008 financial crisis and the subsequent government bailout of large financial institutions including the purchase of mortgages at full value rem... View the full answer