Government Interventions in Financial Markets : Economic and Historic Analysis of Subprime Mortgage Options.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Finance.

Fiscal policy.

Business.

Physical Description:

1 online resource (16 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Reviews policy issues tied to Government interventions in financial markets, explains mortgage subprime delinquency and default, and describes nature of subprime reset problem. Summarizes and analyzes four previous Government market interventions to modify market outcomes, in light of current mortgage market conditions and current proposals to help delinquent homeowners. Covers Government market interventions of the Home Owners Loan Corp. in 1933, Continental Illinois in 1984, the savings and loan industry in 1989, and Brady bonds in 1989. Covers legislative action in the 111th Congress.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Government Interventions in Financial Markets

Access Restriction:

Restricted for use by site license.