Why a Mortgage Cramdown Bill Is Still the Best Bet to Save the Economy

Alex Ulam

October 20, 2011

 

Many Americans believe that the financial crisis stems from the Bush administration’s running up the federal debt and out-of-control spending by the American consumer. But much of the blame for the country’s current economic woes lies with the Obama administration’s failure to forcefully tackle the biggest threat to the American economy today: the housing crisis.