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a House subcommittee held a hearing to examine private sector involvement in the housing market, to determine if the high amount of government participation is a hindrance to the sector's recovery. Rep. Judy Biggert, subcommittee chair, said government intervention in the housing market reached record levels during the financial crisis, resulting in a cost to taxpayers of hundreds of billions of dollars.
Thursday, February 17, 2011
Posted by The Mark Spain Team at 5:32 AM
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