A Lot More

Observations on housing's wreckage and recovery

The homeowner bailout

New from me, in The Big Money: Why Obama’s plan to ease troubled mortgages will be harder than it sounds.  Here’s a tease:

You might think that straightening out a $400,000 mortgage would be massively simpler than righting sinking financial institutions nominally worth billions. Yet rescuing homeowners could turn out to be among the toughest bailout challenges of all.

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