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The Subprime Mortgage Situation: Bailout Not the Right Solution

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Publication Date: September 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Ronald D. Utt; David C. John

Series: WebMemo

Topic: Banking and finance (Credit and loans)

Keywords: Economy; housing; debt; federal reserve

Type: Brief

Coverage: United States Iraq

Abstract:

The government's response should be limited to dealing with the immediate problem and should not become a vehicle for expanded housing programs or pushing other agendas. With a few key modifications, the President's proposal could meet that standard.