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« "The Foreclosure Fiasco" |
| " . . . this is 100% accurate going back to the 1800s." »
Posted by Craig on 05:38:00 AM in Economics
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Stockton retired in 2011 at age 57. Some interesting background at this link along with a snippet:
Stockton, known for his sense of humor, could mix statistical analysis with anecdotes. At the same December 2005 meeting he told Fed governors and regional-bank presidents that the creation of “Flip That House,” a television show, suggested that the housing boom would soon end. “As far as I could tell, the gist of the show was that with some spackling, a few strategically placed azaleas and access to a bank, you too could tap into the great real estate wealth machine,” Stockton said, according to a Federal Open Market Committee meeting transcript released in January with other 2005 transcripts, the most recent year available.
John B. Chilton |
January 21, 2013 at 05:23 PM
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