What to Do About Foreclosures, Debated
Posted in Economics, Finance, Housing, U.S. Government on Mar 5th, 2008
Michael Barr and Laura Tyson take their campaign for a New Deal-inspired plan to avert foreclosures to the Financial Times’ Economists’ Forum blog. Their plan, developed via the Center for American Progress, would have troubled mortgages auctioned off to FHA lenders, Fannie Mae and Freddie Mac, which would in turn restructure the loans so […]
