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Publication Date: April 2008
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Ronald D. Utt
Research Area: Banking and finance; Social conditions
Keywords: Economy; Fannie Mae; freddie mac; home mortgage
Type: Report
Coverage: United States
Abstract:
The collapse of the subprime mortgage market has created depression-like conditions in the housing market and driven the economy to the brink of recession, but many of those who call for more federal regulation fail to recognize that earlier and more comprehensive regulatory efforts did little to deter housing market problems and in some cases may have made them worse.