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IPFS News Link • Federal Reserve

Fed Knew About Housing Bubble in March, 2004: People Told to Shut Up

05-03-2010 • Market-ticker.denninger.net/

"Entire condo projects and upscale residential lots are being pre-sold before any construction, with buyers freely admitting that they have no intention of occupying the units or building on the land but rather are counting on 'flipping' the properties--selling them quickly at higher prices."

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Reported By Jack Gregson

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