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Politics : Politics for Pros- moderated

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From: LindyBill3/5/2009 12:09:41 PM
3 Recommendations  Read Replies (2) of 793954
 
The Latest Mortgage Plan

By Greg Mankiw

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.
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