Center for Economic and Policy Research: Foreclosure Plans Benefit Banks, But Do Little for Homeowners
Subprime Rescue Plans: Backdoor Bank Bailouts, March 2008, Dean Baker This report analyzes recent proposals suggesting that the government buy up or guarantee bad mortgage debt in an attempt to slow the increasing number of foreclosures the nation has seen in the wake of the housing market’s meltdown. The study, which focuses on the plan …