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: Credit SlipsHousing Finance Reform
By Adam Levitin
Credit Slips is well-represented on the New York Times Room for Debate website. Susan Wachter (Wharton School) and I have a short opinion piece on housing finance reform on the site. Our main point: housing finance risk is inevitably socialized, so we'd best come up with a system that keeps risk in check.
And Alan White also has a piece on the site. Alan's take: we need to avoid the upside-down nature of the pre-crisis system where the most marginal borrowers were the ones who ended up in the totally private part of the market; they should be the ones receiving government support.
Full post as published by Credit Slips on March 07, 2011 (boomark / email).
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