How To Solve The U.S. Housing Problem And Avoid A Recession: A Revived HOLC And RTC
Paul Davidson ()
No 2008-021, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
The Federal Reserve pumping in more liquidity and the government's fiscal â€œstimulusâ€ plan does not directly address the housing insolvency problem for millions of U.S. households. Instead, the author suggests a 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.
Keywords: HOLC; Stimulus; RTC; Liquidity; Crisis; Housing (search for similar items in EconPapers)
JEL-codes: D63 E21 H2 H30 (search for similar items in EconPapers)
Pages: 5 pages
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Working Paper: How To Solve The U.S. Housing Problem and Avoid A Recession: A Revived HOLC and RTC (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2008_01
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