10.15.2010

Krugman on "The Mortgage Morass"

Op-Ed Columnist - The Mortgage Morass - NYTimes.com

What can be done?

True to form, the Obama administration’s response has been to oppose any action that might upset the banks, like a temporary moratorium on foreclosures while some of the issues are resolved. Instead, it is asking the banks, very nicely, to behave better and clean up their act. I mean, that’s worked so well in the past, right?

 

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