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Megan McArdle has some serious thoughts about home mortgage modification, concluding that facilitating workouts that allow the homeowner to keep the house may be less useful than facilitating short sales.
Speaking as a non-expert, I wonder whether this isn’t the (possibly) right solution to the wrong problem. Foreclosures are terrible for families, and not great for [...]
Archive for the ‘Financial crises’ Category
January 6th, 2010
Category: Financial crises, House-price bubble
July 30th, 2009
Category: Financial crises
Maybe. The “assets” of many AIG companies consist heavily in the untradable stock of other AIG companies, and they’ve sold huge amounts of reinsurance to one another as well.
April 2nd, 2009
Category: Financial crises
If there’s action behind the G-20’s words, that would be astoundingly good news.
March 26th, 2009
Category: Financial crises
This isn’t the story about the AIG bonuses we’ve been hearing from Andrew Cuomo.
March 23rd, 2009
The doom of Jersey and other tax havens,
March 21st, 2009
Category: Financial crises
Did B of A help rig Merrill’s books in order to squeeze some bailout money out of the Treasury?
Looks as if the government needs a tough cop rather than a nice cop to deal with Wall Street.
March 7th, 2009
Category: Financial crises
Is Obama going to allow himself to be forced into a second stimulus package?
February 28th, 2009
Category: Financial crises
What’s it like to go from being a manager to being a janitor?
