Why are we in the Great Recession?

The reasons for the Great Recession are still being discussed and debated over the years. One of the main reasons is the easy credit policy created by the Federal Reserve for the banking industry followed by the mortgage policies which helped the housing sector acquire banking finance very easily without solid repayment resources. This trend still continues and has wiped out the house owner’s equity values.

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Creating productive jobs the way out of Great Recession – The Seattle Times