delong.typepad.com - 12/21/2008
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Glenn Hubbard and Charlie Mayer call for the effective nationalization of the mortgage finance sector:
Low-Interest Mortgages Are the Answer : Recent news articles suggest that the Treasury Department is considering a plan to offer a 4.5% mortgage for home buyers for a period of time. ...
tpmcafe.talkingpointsmemo.com - 12/17/2008
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tpmcafe.talkingpointsmemo.com —
What is going to be the new leading
sector? What is going to allow us to maintain...
full employment without running huge long-term budget deficits that will, eventually, sap our rate of economic growth somewhat? If it weren't for the fact that the ...
(more)
Talking Points Memo | What Is Going to Be the New ...
economistsview.typepad.com - 12/23/2008
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economistsview.typepad.com —
James Kwak says it's likely that the new
administration will get behind the Hubbard and Mayer plan...
to have Fannie and Freddie buy mortgages and refinance them at 4.5%: We Have a Winner?, by James Kwak : After seeing dozens of mortgage ...
(more)
"Effective Nationalization of the Mortgage Finance Sector"
gregmankiw.blogspot.com - 12/18/2008
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gregmankiw.blogspot.com —
Glenn Hubbard and Chris Mayer : Recent news
articles suggest that the Treasury Department is considering a...
plan to offer a 4.5% mortgage for home buyers for a period of time. Let's hope it does. It would help arrest the decline in house prices that ...
(more)
Two Views of Housing Policy
Comments
Blog Reactions
"Effective Nationalization of the Mortgage Finance Sector"
Economist's View —
... home sales and through the wealth effect of increased
housing prices, and stabilize the value of mortgage-backed securities, thereby
aiding the financial sector. ...
One question is whether the loans will be sustainable. ... Fannie and Freddie
could face the problem of getting stuck with riskier mortgages while the private
sector keeps the better ones. But in any case there are signs that some version
of this plan will be brought to the floor.
Brad DeLong:
Glenn Hubbard and Charlie Mayer call for the effective ...
Subsidizing Mortgages
EconLog: Library of Economics and Liberty —
... . In support of their mortgage subsidy idea, Brad DeLong writes , I am, however, gobsmacked to see Glenn Hubbard proposing it. What has me gobsmacked is that DeLong, who usually has the good sense to dispute Hubbard, fails to do so in this case. ...
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