Tuesday, October 25, 2011

toxic assets

In class today we discussed banking and how the government should fund recovery, through giving money to banks or to private people. Giving the money to the banks is a very simple process, but setting up programs to help people with underwater homes seems like a very difficult process. We looked at many of the programs for homeowners in Kalamazoo and read about the ineffectiveness of many government programs. If the government chooses not to fund the banks, how should the money be infused into the home-owning economy?

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