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How to Solve the U.S. Housing Problem and Avoid a Recession

January 8, 2008

The Federal Reserve pumping in more liquidity and the government’s fiscal “stimulus” 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.

Author: Paul Davidson  
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