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Blame Federal Gov’t, Not the Fed, For Subprime Mortgage Problems
Investor’s Business Daily (2008)
  • JEFFREY ROGERS HUMMEL, San Jose State University
  • David R. Henderson
Abstract

[...]the market ultimately determines interest rates. With the new regulation, you instead make your credit card payment but miss your mortgage payment, a widely observed transformation in the traditional American delinquency pattern. [...]the comptroller's apparently small change in regulations had the unintended effect of causing some mortgage borrowers to default.

Keywords
  • Federal Government,
  • Federal Reserve,
  • Subprime mortgage
Publication Date
March 28, 2008
Publisher Statement
SJSU users: use the following link to login and access the article via SJSU databases
Citation Information
JEFFREY ROGERS HUMMEL and David R. Henderson. "Blame Federal Gov’t, Not the Fed, For Subprime Mortgage Problems" Investor’s Business Daily Vol. 24 (2008)
Available at: http://works.bepress.com/jeffrey_hummel/61/