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08/25/07
Housing bust recalls S&L collapse
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:06 pm

The deepening residential-housing bust and widening effects of the subprime-lending crisis have Valley home builders and mortgage lenders running for cover. But those who remember the real-estate crash and savings-and-loan crisis of the late 1980s and early 1990s insist that today’s problems pale by comparison. That meltdown indelibly changed the political, economic and power infrastructure of metro Phoenix and ArizonaMore…

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