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Subprime Mortgage Problems: A Quick Tour Through the Rubble

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Publication Date: April 2008

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

Author(s): Ronald D. Utt

Series: WebMemo

Topic: Banking and finance (Credit and loans)
Economics (Economic policy, planning, and development)

Keywords: Economy; fannie; freddie; gse

Type: Brief

Coverage: United States

Abstract:

Proposals for new federal spending and credit programs would greatly expand the role of government in the economy while doing little to alleviate the distress caused by the financial crisis.