LiberalJesus
News and Views from Left of Center

Posts Tagged ‘mortgage crisis’

America’s house price time bomb

July 30, 2008

By Michael Robinson
BBC World Service

With the American housing market in its worst crisis since the Great Depression of the 1930s, President Bush is authorising new legislation to pave the way for massive new government intervention designed to slow the slide.
The intervention would come as a little known quirk of US [...]