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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


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.