nytimes.com - 3/5/2009
—
TO stanch the hemorrhage of foreclosures, we don’t need another bailout. What we need is a fix and the wisdom to see what is in our own self-interest. An avalanche of foreclosures is coming as many as eight million in the next several years. The plan announced by the White House will not ...
Comments
Blog Reactions
The Latest Mortgage Plan
Greg Mankiw's Blog —
As seen by Yale econ prof John Geanakoplos and BU law prof Susan Koniak: The plan announced by the White House will not stop foreclosures because it concentrates on reducing interest payments, not reducing principal for those who owe more than their homes are worth. The plan wastes taxpayer money and won’t fix the problem.
Solve the Housing Crisis (and Make Some Serious Money)
Cato @ Liberty —
... and I have been puzzling over this very interesting NYT op-ed on home foreclosures by Yale economist John Geanakoplos and Boston University law professor Susan Koniak. Given G&K’s story, we think there may be an opportunity for some clever financiers to help struggling homeowners keep their houses, help banks and other investors repair their balance sheets — and the financiers could help themselves to piles of cash in the process. ...
Related Content
Op-Ed Contributors - No More Economic False Choices
nytimes.com 11/3/2008 — AS economists and policy advisers try to sort out where we are, how we got here and where we must go for both the short term and the longer term, we are surrounded by polarizing dichotomies: Fiscal recklessness versus fiscal rectitude; capital versus ...
Op-Ed Contributors - The Economy Is Still at the Brink
nytimes.com 6/7/2009 — WHETHER at a fund-raising dinner for wealthy supporters in Beverly Hills, or at an Air Force base in Nevada, or at Charlie Rose’s table in New York City, President Obama is conducting an all-out campaign to try to make us feel a whole lot better about ...
Op-Ed Contributors: Off With the Bankers
nytimes.com 3/20/2009 — The Asian financial crisis offers lessons to solving our own — when insiders have broken a financial institution, the most direct remedy is to kick them out. >
Op-Ed Contributors - How to Repair a Broken Financial World
nytimes.com 1/4/2009 — (Page 2 of 3) In its latest push to compel confidence, for instance, the authorities are placing enormous pressure on the Financial Accounting Standards Board to suspend “mark-to-market” accounting. Basically, this means that the banks will not have ...
Op-Ed Contributors - A Public Option That Works
nytimes.com 8/23/2009 — TWO burning questions are at the center of America’s health care debate. First, should employers be required to pay for their employees’ health insurance? And second, should there be a “public option” that competes with private insurance? Answers ...
Op-Ed Contributors: Rated F for Failure
nytimes.com 3/16/2009 — Why, more than a year into the global financial crisis, do regulators and investors continue to rely on ratings? No one has been more wrong than Moody’s and S.&P.; >
Op-Ed Columnist - Fannie, Freddie and You - Op-Ed
nytimes.com 10/2/2008 — And now we’ve reached the next stage of our seemingly never-ending financial crisis. This time Fannie Mae and Freddie Mac are in the headlines, with dire warnings of imminent collapse. How worried should we be? Well, I’m going to take a contrarian ...
Follow WallStreetBlips on Twitter
