Category Archives: Economics

National Bank: How to Fix the Housing Crisis for Less than 700 Billion in Bailouts

Posted on March 30, 2009 by admin

Dane asked: Recently the news has been dominated by developments with the 700 billion dollar bailout package, and rightfully so.  700 billion is an astronomical sum of money.  The first problem is that the 700 billion dollar bailout adds a … Continue reading →

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Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?

Posted on March 26, 2009 by admin

Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of … Continue reading →

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Subprime Mortgage Lending

Posted on March 24, 2009 by admin

Alex Tragnitz asked: “Subprime Mortgage Lending and Its Effect on The Economy”            In the 1990’s the United States saw a rapid growth of subprime mortgage lending. Lending institutions started to give credit for mortgages to millions of borrowers who may … Continue reading →

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