出版社：Servicio central de publicacion. Gobierno Vasco
摘要：The original subprime mess has ultimately resulted in an insolvency problem for
millions of U.S. households. The government’s fiscal “stimulus” plan does not
directly address this insolvency problem. The Federal Reserve pumping in more
liquidity will not end the housing insolvency problem. Instead, I suggest a
tried and true comprehensive program to create a major federal facility to
refinance mortgages at low rates and extended maturities, and to finance new
investment in private sector housing. The goal of this new lending facility will
be to: 1) end the insolvency housing problem; 2) avoid a serious recession, and
prevent similar financial bubbles due to securitization of loan-backed financial
assets from developing in the future.
