Journal Article

The mortgage crisis: let markets work, but compensate the truly needy

Abstract: As painful as it may be, letting the housing and mortgage markets sort out these problems on their own would be best for the economy in the long run. Large-scale government interventions are not necessarily the best policy responses, although those made truly needy by this crisis need to be helped.

Keywords: Mortgages; Financial crises;

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2008

Issue: Jul

Pages: 10-16