The Subprime Mortgage Situation: Bailout Not the Right Solution
Publication Date: September 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Keywords: Economy; housing; debt; federal reserve
Coverage: United States Iraq
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.