NEW YORK ( TheStreet) -- This week marks the fifth anniversary of when the banking regulators finally realized that the Great Credit Crunch was a real and current danger to the banking system and hence the U.S. economy.Today, the National Association of Home Builders, or NAHB, reports its Housing Market Index for September. The reading for August was a multi-year high of 59, well above the neutral 50 reading. This reading was just 17 and on the way to a record low of 8, in January 2008.
Great Credit Crunch Issues Remain Five Years After Start
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