2010-10-03businessinsider.com

"Glenn Hubbard, Harvard-trained economist, former Bush administration official, dean of the Columbia Business School, is a mild-mannered, buttoned-down guy. But his proposal to bolster the housing market and provide some stimulus to America’s long-suffering homeowners is a bit radical"



Comments:

catherine at 22:27 2010-10-03 said:
duh, what about all those 500 trillion in investments that use that mortgage as collateral, hmnnnnnnnnnnnn????

the first depression was caused by people buying stock on margin, can you imagine if the treasury gave all the losers their money back because they read in their books in school THAT IT WOULD BE NO COST TO ANYONE.........

we would still be laughing

this depression was caused by people buying houses on margin..........................deleveraging must happen and if you can't afford the payment you have today because you lost your job, the taxpayer giving you a better payment AND STILL NO JOB, is just a joke.............. Permalink

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