We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Too little, too early

5 October 2007 By Martin Hutchinson

A bailout may be inevitable. But a proposal to fix mortgage rates at teaser levels isn t the answer. Bailouts are ineffective before a market bottoms and new home sales are far above recessionary levels. Acting now just rewards foolish borrowers and may not prevent a renewed downturn.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)