Home Owners Loan Corporation
Princeton Economist Alan Blinder Shows The Way
Read the full article: http://www.money-rx.com/blog/2008/02/looking-back-for-new-de...
During the Depression, President Franklin D. Roosevelt and Congress dealt with huge impending foreclosures by creating the Home Owners’ Loan Corporation. What Alan Blinder is saying is that it's time for Washington to step in and clear the mess that Wall Street has gotten itself in to.
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