Foreclosures, Gov't Action, And The Recovery

http://codyburnett.wordpress.com/2010/05/14/foreclosures-govt-action-and-the-recovery/

Economist Dean Baker, co-director of the Center for Economic and Policy Research, says federal programs have led to an artificial stabilization in the market. In order to deal with the glut of distressed properties, he feels people facing foreclosure should be allowed to stay in their homes as renters until they can renegotiate their mortgage.

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