Subprime Mortgage Problems: A Quick Tour Through the Rubble


 

Publication Date: April 2008

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

Author(s): Ronald D. Utt

Research Area: Banking and finance; Economics

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.