Government Solutions: An Answer to the Subprime Market Problems
Abstract
Though homeownership has grown phenomenally in the United States over the past decade, recent developments with subprime mortgages threaten to undo that growth and hurt the economy in the process. With record rates of foreclosures and defaults on subprime mortgages, there has been a public outcry for the government to take charge and fix the problem before it does significant damage to the United States economy. Many different government agencies and branches have answered the call with four differing approaches to this issue. Each group’s approach is analyzed and the four approaches are then compared to see which provides the most success in the current situation. In the end, each has had mixed results that seem to answer most of the problems effectively but each has its drawbacks, as well. The final conclusion is that the federal regulatory agencies approach has the most effective solution with the least drawbacks.Authors who publish with this journal agree to the following terms:
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